US economy sees 2.8% growth as consumer spends rise

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The US economy showed strong growth in Q3, driven by increased household spending and higher federal defense expenditure. Inflation-adjusted GDP grew at an annual rate of 2.8%, with consumer spending rising 3.7%. These figures reflect solid domestic demand as the Federal Reserve eases its stringent monetary policies, just ahead of the upcoming election.

from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/L1f2oMI

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