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Economy, Consumer Spending
US Economy Grows 3.1% in Q3 Thanks to Consumer Spending Boom
The U.S. economy grew at an annualized rate of 3.1 percent two, driven by a surge in consumer spending and exports, according to revised data from the Commerce Department released on Thursday.
Economy was even stronger than it looked in the third quarter, GDP shows. Thank consumers.
The shocking strength of the economy helps explain the Federal Reserve Scrooge-like plans for interest rate cuts next year. And the latest update on GDP over the summer offers another reminder.
US Growth Revised to 3.1% on Stronger Consumer Spending, Exports
The US economy expanded at a faster pace in the third quarter than previously estimated, owing in part to to stronger consumer spending and exports.
US third quarter GDP revised up on consumer, export boost
The world’s biggest economy grew at an annual rate of 3.1 percent in the July-September period, up from earlier estimates of 2.8 percent, the Commerce Department said. This was due to “upward revisions to exports and consumer spending,
21h
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the ...
21h
on MSN
Russia's economy has irreversibly turned toward a 'stagnation trap,' think tank says
"Over the past two years, Russia's economy has operated like a marathoner on fiscal steroids—and now those steroids are ...
2d
on MSN
U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending ...
2d
US economy eyes strong finish ahead of heightened policy uncertainty in 2025
The number of Americans filing new applications for jobless benefits fell more than expected last week, almost reversing the ...
1d
For Syria’s Economy, the Way Forward Starts With Sanctions Relief
Years of strife ruined the energy sector, battered the currency and strangled growth. The West must ease financial controls ...
1d
on MSN
Trump voters have faith he will help economy and their finances, poll finds
One-third of swing-state voters who voted for Trump replied in an open-ended question that they voted for him because of the ...
1d
on MSN
What Would A Government Shutdown Do To The Economy?
A government shutdown as soon as this weekend could disrupt crucial services, but would likely have a limited impact on the ...
Yahoo News
1d
Trump voters are confident he will turn the economy around, new poll says: ‘He is a good businessman’
Thirty-three percent of Trump voters said, in their own words, they voted for him because of the “
economy
” or because “he ...
1d
Argentina’s Economy Expanded Faster Than Expected in October
Argentina’s economy expanded more than expected in October, continuing to show signs of recovery after surpassing growth ...
2d
Britain’s Economy Is ‘Bumbling’ Into the New Year
Stubborn inflation, tax rises and high interest rates make it difficult for many to muster optimism, at least in the short ...
1d
on MSN
Internet Can't Quite Believe What Women Do While Flying Economy
Two women decided to "romanticize" their economy flight experience by making some drinks and snacks, leaving the internet ...
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