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4.3K views · 62 reactions | The US economy grew solidly in Q3, with consumer spending rising at its fastest pace in 1.5 years and inflation slowing sharply, defying recession forecasts and outperforming global peers ahead of the Nov. 5 presidential election https://reut.rs/48t6NtQ | Reuters | Facebook
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The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. U.S. GDP, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. CNBC's Rick Santelli breaks down the numbers. Read more: cnb.cx/4scydh7 | CNBC
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