US economy grows faster than expected in report out just ahead of elections
Growth is in sharp contrast to households’ assessment, reflected in Trump’s record-low approval ratingsThe US economy grew faster than expected in the third quarter as resilient consumer spending and AI-driven business investment more than offset the impact of higher oil prices stemming from the conflict in the Middle East.Gross domestic product (GDP) increased at a 3.4% annualized rate last quarter,…
Growth is in sharp contrast to households’ assessment, reflected in Trump’s record-low approval ratingsThe US economy grew faster than expected in the third quarter as resilient consumer spending and AI-driven business investment more than offset the impact of higher oil prices stemming from the conflict in the Middle East.Gross domestic product (GDP) increased at a 3.4% annualized rate last quarter,…