Reported about 1 month ago
The U.S. economy experienced a robust 3% annual growth rate in the last quarter, boosted by increased consumer spending and business investments, according to a revised report from the Commerce Department. This marks an increase from an earlier estimate of 2.8%. Consumer spending rose at a 2.9% annual rate, while business investment expanded at 7.5%. Despite ongoing high interest rates, this growth indicates a resilient economy as the job market weakens slightly, with an unemployment rate of 4.3%.
Source: YAHOO