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The U.S. economy grew faster than previously estimated in the third quarter, driven by robust consumer spending. Gross domestic product increased at an upwardly revised 3.1% annualized rate, the ...
By contrast, consumer spending, which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the first estimate and from 3%-plus rates in the previous two quarters.
The average of GDP and GDI, also referred to as gross domestic output and considered a better measure of economic activity, increased at a 2.6% rate. That was revised up from the 2.5% rate ...
The Atlanta Fed's GDP Now tool, which incorporates real-time data throughout the quarter to project economic growth, currently projects the US economy grew at a 3.3% annualized pace in the final ...
News. Science & Tech. Shopping. Sports. Weather. 24/7 Help. ... US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate. PAUL WISEMAN. March 28, 2024 at 8:36 AM.
The trade deficit widened further, subtracting from GDP growth. The economy continues to outperform its global peers, despite hefty rate hikes from the U.S. central bank in 2022 and 2023, thanks ...