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cover of episode The Growing U.S. Economy

The Growing U.S. Economy

2024/11/1
logo of podcast Jill on Money with Jill Schlesinger

Jill on Money with Jill Schlesinger

Chapters

The U.S. economy has managed to avoid a recession despite high inflation and interest rates, with consumer spending playing a significant role.
  • The economy grew at an annual rate of 2.8% in the third quarter.
  • Consumer spending has been a key driver of economic growth.
  • The Federal Reserve's rate-hiking campaign started late but has contributed to the economy's stability.

Shownotes Transcript

The government released its latest GDP number, which is a measure of the change in the economy's size. The report shows it grew at an annual rate of 2.8% in the third quarter of the year. I joined CBS Mornings to discuss.

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