U.S. economy grows at brisk 3.4% pace in third quarter on strong consumer spending and AI investment

What happened: The U.S. economy grew at a 3.4% pace in the third quarter, driven by consumer spending and business investment tied to the AI boom. Key numbers: 3.4% GDP growth rate in the third quarter. Why it matters: The content attributes the growth to strong consumer spending and sharply higher business investment reflecting the AI boom. Coverage: 4 outlets in 24h

The U.S. economy grew at a 3.4% pace in the third quarter, driven by consumer spending and business investment tied to the AI boom.

The content attributes the growth to strong consumer spending and sharply higher business investment reflecting the AI boom.