Reported 27 days ago
The U.S. economy demonstrated continued strength in the third quarter of 2024, with a GDP growth rate of 2.8%, driven by robust consumer and government spending. Despite a slight slowdown from the previous quarter's 3%, the economy has maintained a two-year trend of strong growth, aided by a strong labor market and business investment. Consumer spending rose to a 3.7% growth rate, while inflation eased to a 1.5% annualized rate. The positive economic outlook is crucial ahead of the presidential elections, as candidates focus on these metrics to sway voter sentiment.
Source: YAHOO