Economy gets a jolt of good news as GDP rises and inflation falls
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The U.S. economy grew at a 3% annual pace in Q3 2024, up from a previous estimate of 2.8%; consumer spending rose by 2.9%, while business investment expanded by 7.5%; inflation eased to 2.5% from 3.4% in Q1; corporate profits reached a record $3.425 trillion; the Fed raised interest rates 11 times in 2022 and 2023, reducing inflation from a peak of 9.1% to 2.9%; unemployment rose to 4.3% over four months; Jerome Powell indicates a potential interest rate cut in mid-September.

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https://fortune.com/2024/08/29/economy-gdp-growth-profit/