US economy returned to growth last quarter, expanding 2.6%
US economy returned to growth last quarter, expanding 2.6%
WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates.
Thursday’s estimate from the Commerce Department showed that the nation’s gross domestic product — the broadest gauge of economic output — grew in the third quarter after having shrunk in the…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.