US GDP Rises by 4.3% in 3Q, Fastest Pace in Two Years
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US GDP Rises by 4.3% in 3Q, Fastest Pace in Two Years
The US economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer trade policies. Inflation-adjusted GDP rose by 4.3% beating estimates of 3.3%. Former Fed Economist Vincent Reinhart reacts on "Bloomberg Surveillance." -------- More on Bloomberg Television and Markets ...
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The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. U.S. GDP, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. CNBC's Rick Santelli breaks down the numbers. Read more: cnb.cx/4scydh7 | CNBC
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The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. U.S. GDP, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. CNBC's Rick Santelli breaks down the numbers. Read more: cnb.cx/4scydh7 | CNBC
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GDP grew 4.3% in third quarter as Americans spent more
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Treasury Secretary Scott Bessent says the holiday season has been strong across all income levels and the economy has outperformed expectations, with GDP growth hitting 4% in some quarters and finishing the year around 3%. Pressed by Margaret Brennan on toy prices, which some executives have said are higher this year due to tariffs and other factors, Bessent says overall inflation, including imported goods, remains relatively moderate. | Face The Nation
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