Third-quarter GDP marked higher, jobless claims ease as US economy flexes muscle

By The Hill | Created at 2024-12-19 17:00:56 | Updated at 2024-12-19 23:06:50 6 hours ago

Third-quarter gross domestic product (GDP) was revised higher Thursday following a substantially stronger projection for U.S. economic performance released Wednesday by the Federal Reserve. GDP growth was marked up to an annualized rate of 3.1 percent in the third quarter from a previous estimate of 2.8 percent, driven by strong consumer spending and exports, the…

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