Powerhouse U.S. Economy Likely Accelerated In Third Quarter [Video]
Categories
Small Business Funding

Powerhouse U.S. Economy Likely Accelerated In Third Quarter [Video]

The U.S. economy likely gained momentum in the third quarter, as consumer spending boosted the Gross Domestic Product if forecasters are correct.

The Bureau of Economic Analysis is scheduled to release an advance estimate of the country’s economic growth in the third quarter on Wednesday. The report is expected to show that the inflation-adjusted GDP grew at an annual rate of 3.2% in the third quarter, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal.

That would be up from 3% in the previous quarter and well above the average growth rate of 2.4% over the past 20 years, suggesting the economy is expanding at a healthy rate.

The economy has stayed on solid footing this year despite high borrowing costs—the result of the Federal Reserve’s campaign of rate hikes to curb inflation. Employers have continued hiring, which has kept enough money in consumers’ pocketbooks to let them keep spending…

Watch/Read More

Most Popular Posts Today

OFB grant is helping young professionals get their start in the industry [Video]
►
Categories
Small Business Funding

OFB grant is helping young professionals get their start in the industry [Video]

Photo provided by the Ohio Farm Bureau Federation. The executive director of the Ohio Farm Bureau Federation says a new grant program is helping young professionals get their start in the industry. Kelly Burns says eligible start-up businesses have to have a widespread impact on state agriculture. Creating long term, sustainable employment opportunities,” she says. […]

Most Popular This Week