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US economy grew at a solid 2.8% pace last quarter on strength of consumer spending

By Economic Times - 3 weeks ago
The U.S. economy grew by 2.8% annually from July to September, supported by strong consumer spending despite high interest rates. This growth indicates economic resilience amidst predictions of a downturn. The job market has slowed, and the Federal Reserve continues to adjust rates, aiming to manage inflation effectively.

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