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U.S. economic growth accelerated to 4.9% last quarter as consumers shrugged off Fed rate hikes

Por: Los Angeles Times Business October 26, 2023

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The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace. The Commerce Department said the economy expanded last quarter at the fastest pace in nearly two years — and more than twice the 2.1% annual rate of the previous quarter. Thursday’s report on the nation’s gross domestic product —... + full article



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