The U.S. economy expanded by 3.4% quarter-on-quarter (q/q, annualized) in the third quarter, accelerating from 2.2% in Q2. The reading was in line with consensus. Consumer spending rose by a healthy 3.8% q/q, matching Q2’s gain. Goods and services spending recorded solid gains, rising 3.0% and 4.1% respectively. Business investment was also strong, with outlays […]
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