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U.S. economic growth surged in the third quarter. Here’s what that means.

U.S. economic growth surged in the third quarter. Here’s what that means.

by Cate Bikales | Oct 31, 2023 | Business, Featured

WASHINGTON — Despite high consumer prices and rising interest rates, the U.S. economy surged this summer, driven largely by consumer spending. Gross Domestic Product (GDP) rose at a 4.9% inflation-adjusted annual rate in the July-through-September period, up from 2.1%...

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