U.S. Economy Grew at 4.9% Rate This Summer, Powered by Fast-Spending Americans

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U.S. Economy Grew at 4.9% Rate This Summer, Powered by Fast-Spending Americans
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Forecasters expect cooling in the coming months as high rates and global risks weigh on the economy

grew at a seasonally- and inflation-adjusted 4.9% annual rate in the third quarter, the Commerce Department reported Thursday. That was the fastest rate since late 2021 andCopyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

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