U.S. Economy Grows Faster Than Expected

“The U.S. economy expanded in the third quarter at the fastest pace in a year, supercharged by feverish business investment and a resilient American consumer,” Bloomberg reports.

“Inflation-adjusted gross domestic product increased an annualized 3.4% in the three months through September after growing 2.2% in the second quarter, according to an initial estimate issued Thursday by the Bureau of Economic Analysis. The rise in GDP beat the 3.2% median projection in a Bloomberg survey of economists.”