U.S. Economy Grew a Strong 4.9%, Driven by Consumer Spree That May Not Last - The Wall Street Journal

---

WSJ’s Dion Rabouin unpacks the latest GDP report and explains what it says about the state of the economy. Photo: Li Jianguo/Zuma Press

U.S.

economic growth surged this summer at the fastest pace since 2021, as consumers spent at a blockbuster rate that will be difficult to sustain.

Gross domestic product expanded at a 4.9% seasonally- and inflation-adjusted annual rate in the third quarter—more than double the second quarter pace—the Commerce Department reported Thursday. The acceleration won’t change the Federal Reserve’s plans to hold rates steady at their meeting next week.

What to Read Next

Sponsored Offers

• TurboTax:
  Save up to $15 with TurboTax coupon 2023
• The Motley Fool:
  Epic Bundle - 3x Expert Stock Recommendations
• H&R Block Tax:
  Get 20% off H&R Block tax software products
• Top Resume:
  Top Resume Coupon: 10% off professional resume writing
• eBay:
  eBay coupon: Save 20% on purchases
• Groupon:
  New Customers: 10% off Included Categories

Adblock test (Why?)

U.S. Economy Grew a Strong 4.9%, Driven by Consumer Spree That May Not Last - The Wall Street Journal
Read More