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Strongest U.S. economic growth since 2021 puts Fed in tough spot

Por: Portland Press Herald World October 26, 2023

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The US economy likely expanded in the third quarter at the fastest clip in nearly two years, a surprising acceleration primarily powered by a consumer reaping the benefits of resilient job growth, rising wealth, and easing inflation. Gross domestic product is projected to have grown at an annual rate of 4.5% last quarter, more than double the pace in the prior period, according to a Bloomberg survey of economists ahead of the release of... + full article



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