Consumers, AI Investment Drove U.S. GDP Up 3.4% — SkimNews
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- U.S. GDP grew 3.4% in the third quarter, beating expectations.
- Consumer spending and AI-related investment powered the expansion, while September inflation accelerated.
Why it matters: Consumers are the key stakeholders: a 3.4% third-quarter expansion points to stronger activity, but accelerating September inflation leaves them without an easing of price pressure. The data therefore offer a mixed economic picture for households, not a clean growth win.
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