Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years
By PAUL WISEMAN, Associated Press Economics Writer
WASHINGTON (AP) — Powered by strong consumer spending, the U.S. economy grew at the fastest pace in two years from July through September, the government said Thursday in a slight upgrade of its first estimate.
Related Articles
-
Average US long-term mortgage rate edges higher, but still near lowest point in more than 3 years -
Inflation fears are high. A new poll shows one group is particularly worried -
Proposal to require state oversight of insurance affiliate payments clears first hurdle in Legislature -
Prices ticked up in November as Americans keep spending a key inflation measure shows -
4 in 5 small businesses had cyberattacks last year and almost half of those were AI powered
America’s gross domestic product — the nation’s output of goods and services — rose at a 4.4% annual pace in the third quarter, the Commerce Department reported Thursday, up from 3.8% in the April-June quarter and from the 4.3% growth the department initially estimated. The economy hasn’t grown faster since third-quarter 2023.

