U.S. Economy Grew at 3.5% Rate in Third Quarter
By Harriet Torry | Updated Oct. 26, 2018 6:55 p.m. ET
WASHINGTON—The economy powered ahead in the third quarter, driven by robust consumer and government spending, though Friday’s report included warning signs that the business sector faces turbulence that could hold back the expansion in the months ahead.
Gross domestic product—a measure of how much the U.S. produces in goods and services—grew at a 3.5% annual rate from July through September to $18.7 trillion, adjusted for inflation, the Commerce Department said Friday. That came after a 4.2% growth rate in the second quarter…
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