The U.S. economy probably maintained robust momentum during the third quarter, according to recent indicators. Data suggests that consumer spending and business investment held steady, supporting continued expansion despite higher interest rates. Gross domestic product is projected to have grown at an annualized rate of around 3.1% for the period, reflecting resilience in labor markets and sustained demand. Analysts note that inflation pressures have eased slightly, allowing households to remain active participants in economic activity. While some sectors face challenges from tighter monetary policy, overall trends point to a solid performance through the quarter.
— news from Reuters