Q3 GDP

The U.S. economy surprisingly expanded by an annualized rate of 4.9% in Q3 2023, according to new federal data. This robust growth comes despite 18 months of rising interest rates from the Federal Reserve. The growth rate is the strongest since 2021 and has been primarily driven by consumer...

Experts predict that U.S. economic growth has seen a significant boost in the third quarter, driven by increased consumer spending and a reduction in slowdown fears. The prediction comes ahead of the Commerce Department’s release of its initial estimate of third-quarter gross domestic product...