US economy grew at a solid 2.8% pace last quarter on strength of consumer spending
Briefly

from ABC7 San Francisco3 months ago
The U.S. economy grew at a healthy 2.8% annual rate from July through September, propelled by a significant rise in consumer spending, which increased to 3.7%.
ABC7 San Franciscohttps://abc7news.com/post/us-economy-grew-solid-28-pace-last-quarter-strength-consumer-spending/15488104/
Despite higher interest rates aimed at curbing inflation, the economy proved resilient, avoiding recession, while employers continued to hire and consumer confidence rose.
ABC7 San Franciscohttps://abc7news.com/post/us-economy-grew-solid-28-pace-last-quarter-strength-consumer-spending/15488104/
Read at ABC7 San Francisco
#economy #consumer-spending #growth-rate #inflation #job-market
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