US economy posts strong growth, inflation stubbornly high in challenge to Trump
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Finance
Politics
October 29, 2026
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WASHINGTON, United States (AFP) — The United States posted strong economic growth in the third quarter, but the Fed’s preferred inflation gauge also accelerated, the Commerce Department said on Thursday, in a mixed economic bag for US President Donald Trump ahead of key midterm polls next week.
Real GDP increased at an annual rate of 3.4 percent in the third quarter, the department’s Bureau of Economic Analysis (BEA) said in a statement, beating market expectations.
“The contributors to the increase in real GDP in the third quarter were increases in investment, consumer spending, and government spending that were partly offset by a decrease in exports,” the BEA said in a statement.
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