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US Economy Expands by 2.8% in Third Quarter

DeFi Daily News by DeFi Daily News
October 30, 2024
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The US economy expanded by 2.8% in the third quarter as consumers spent more and the government ramped up defense spending. Consumer spending was up by 3.7%, the most since early 2023. Michael McKee reports on “Bloomberg Surveillance.”
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Tags: Consumer Goods; RetaildeficitsDollarEconomyExpandsfed rate cutsInflationJonathan FerroLisa AbramowiczMichael McKeePCEQuartertradeU.S. GDPU.S. personal consumptionUS economyus inflationUSDYields
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