Q3 GDP growth of 3.4% signals stronger-than-expected economic expansion.
Context
What happened: The U.S. economy grew 3.4 percent in the third quarter, the fastest pace in a year, as consumers kept spending despite high prices.
Key numbers: 3.4 percent growth in the third quarter, the fastest pace in a year.
Why it matters: The content frames the growth as driven by continued consumer spending even with high prices, marking the strongest expansion in a year.
Coverage: 8 outlets in 24h
What changed
The U.S. economy grew 3.4 percent in the third quarter, the fastest pace in a year, as consumers kept spending despite high prices.