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US economic growth accelerated to strong 4.9% rate last quarter as consumers shrugged off Fed hikes – Associated Press prescottenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prescottenews.com Daily Mail and Mail on Sunday newspapers.
Thursday’s report on the nation’s gross domestic product showed consumers drove the acceleration, ramping up their spending on everything from cars to restaurant meals. ....
The U.S. economy grew by a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread. ....