U.S. economy grew at a fast clip this summer, thanks to consumer, business spending

U.S. economy grew at a fast clip this summer, thanks to consumer, business spending — Live Feedhttps://www.live-feeds.com/feed/u-s-economy-grew-at-a-fast-clip-this-summer-thanks-to-consumer-business-spendingContinuously updated, source-cited coverage. U.S. Economy Grew at 3.4% Rate in Third Quarterhttps://www.live-feeds.com/feed/u-s-economy-grew-at-a-fast-clip-this-summer-thanks-to-consumer-business-spendinghttps://www.live-feeds.com/feed/u-s-economy-grew-at-a-fast-clip-this-summer-thanks-to-consumer-business-spending#u167139Sun, 01 Nov 2026 07:50:08 +0000The U.S. economy expanded at an annual rate of 3.4 percent from July through September, outpacing expectations. Strong consumer spending and corporate investments, particularly in artificial intelligence, drove the growth over the summer months. Consumers continued to spend despite ongoing frustrations over high gasoline prices. Meanwhile, businesses rushed to capitalize on market conditions and funneled cash into the artificial intelligence boom. This faster-than-expected economic output follows the previous quarter and demonstrates continued momentum heading into the final stretch of the yea