U.S. News

2244 readers

7 users here now

News about and pertaining to the United States and its people.

Please read what's functionally the mission statement before posting for the first time. We have a narrower definition of news than you might be accustomed to.

Guidelines for submissions:

Post the original source of information as the link.
If there is any Nazi imagery in the linked story, mark your post NSFW.
If there is a paywall, provide an archive link in the body.
Post using the original headline; edits for clarity (as in providing crucial info a clickbait hed omits) are fine.
Social media is not a news source.

For World News, see the News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 1 year ago

MODERATORS

alyaza

rs5th

Powderhorn

U.S. economy grew 2.8% last quarter, powered by consumer spending (www.cbsnews.com)

submitted 3 weeks ago by tardigrada to c/usnews

3 comments fedilink hide all child comments

Forecasters expected the country's gross domestic product — the total value of goods and services produced in the U.S. — to come in at 2.6% in the three-month period ended in September, according to a survey of economists by the data firm FactSet. The latest GDP figure is down slightly from the second quarter's growth of 3%.

The American economy, the world's biggest, has shown surprising resilience in the face of sharply higher borrowing rates as the Federal Reserve tightened monetary policy in a bid to tame inflation. Despite widespread predictions that the economy would succumb to a recession, however, it has kept growing, with hiring and consumer spending holding steady.

you are viewing a single comment's thread
view the rest of the comments

[–] HEXN3T@lemmy.blahaj.zone 5 points 3 weeks ago (2 children)

Remember, Trump is the only person in the entire universe capable of improving the economy

[–] tardigrada 5 points 3 weeks ago (1 children)

Yeah, they say inflation is high in the U.S. But wait until a Trump administration has deported all the farm workers ...

[–] sonori 2 points 3 weeks ago

Don’t forget that 20% tax on all foreign goods and a 60% tax on everything made in China, which will definitely cause prices to go down./s