Fresh Growth Numbers Are Set to Show US Remains Economic Powerhouse
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The a factory under construction in Jeffersonville, Ohio.
Photographer: Maddie McGarvey/BloombergThis article is for subscribers only.
The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
Gross domestic product advanced at a 4.3% annualized pace in July-September, according to the median projection in a Bloomberg survey of economists. Such growth illustrates that the US remains the global economic powerhouse as Europe stagnates and Asia contends with a struggling China.