The US economy likely grew in the third quarter at its fastest pace of any quarter in nearly two years, again defying dire warnings of a recession, as higher wages from a tight labor market helped to power consumer spending.
Strongest US economic growth since 2021 puts Fed in tough spot mercurynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mercurynews.com Daily Mail and Mail on Sunday newspapers.
Strongest US economic growth since 2021 puts Fed in tough spot siliconvalley.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconvalley.com Daily Mail and Mail on Sunday newspapers.
Gross domestic product is projected to have grown at an annual rate of 4.5% last quarter, more than double the pace in the prior period, according to a Bloomberg survey.