Coverage dated October 25, 2023 to October 26, 2023
U.S. economy grows 4.9% in third quarter
Headline from Arkansas Democrat-Gazette
WASHINGTON -- The nation's economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.
Arkansas Democrat-Gazette's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Economic growth accelerated to a 4.9% seasonally adjusted annual rate in the third quarter of this year, up from 2.1% the quarter before, the Bureau of Economic Analysis reported Thursday morning.
Analysts have raised fears of a downturn as the US central bank started lifting interest rates rapidly last year to fight inflation, but the world's biggest economy has so far defied these predictions
The Commerce Department said the economy expanded last quarter at the fastest pace in more than two years — and more than twice the 2.1% annual rate of the previous quarter.
The US economy grew a stellar 4.9% from July through September, driven by robust consumer spending despite the Federal Reserve’s efforts to slow the economy with high interest rates.
U.S. gross domestic product rose by an estimated annual rate of 4.9% in the third quarter of 2023, according to the Commerce Department's Bureau of Economic Analysis Thursday advance estimate report.
The US economy expanded at an even stronger pace in the third quarter, despite interest rates at their highest level in 22 years.Gross domestic product, a measure of all goods and services produced in the economy, grew at an annualized 4.
The U.S. economy grew at the fastest pace in nearly two years last quarter on a burst of consumer spending, which will be tested in coming months. Gross domestic product accelerated to a 4.9% annualized rate, more than double the second-quarter pace, according to the government’s preliminary estimat…
The U.S. economy grew by an annual rate of 4.9 percent in the third quarter, the strongest pace since 2021, as spending - by families, businesses and the government
Gross domestic product expanded at a 4.9 percent annual rate over the summer, powered by prodigious consumer spending. But the pace is not expected to be sustained.
The nation's economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.
By Bryan Mena, CNN Washington, DC (CNN) — The US economy expanded at a remarkably strong pace in the third quarter, despite interest rates at their highest level in 22 years. Gross domestic product, a measure of all goods and services produced in the economy, grew at an annualized 4.
Gross domestic product increased at a 4.9% annualized rate last quarter, the fastest since the fourth quarter of 2021, the Commerce Department's Bureau of Economic Analysis said
Gross domestic product grew at a 4.9% annual rate in the third quarter, much stronger than economists were anticipating just a few months ago. But there are warning signs underlying the eye-popping numbers.
The government is expected to report stellar growth for the U.S. economy during the July-September quarter, highlighting the durability of consumer and business spending despite the Federal Reserve’s efforts to cool the expansion with high interest rates.
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.
Gross domestic product surged from July to September as Americans opened their wallets big time, but there are doubts about how long this blistering pace of growth can last.
Washington, DC (CNN) — The US economy expanded at a remarkably strong pace in the third quarter, despite interest rates at their highest level in 22 years.Gross domestic
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U.S. economy grows 4.9% in third quarter | Since Then
