US economy grew 2.8% in the third quarter, slower than expected

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2024-10-30 15:00:09

The U.S. economy grew slightly slower than expected in the third-quarter amid easing inflation and strong consumer spending. The Commerce Department's Bureau of Economic Analysis released its advance estimate for third-quarter gross domestic product (GDP), which found the U.S. economy grew at an annual rate of 2.8% in the third-quarter, which runs from July through September. Economists surveyed by LSEG had expected the economy to grow at a 3% rate in the quarter. The report...

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