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Economy posts 8.2 percent GDP surge in Q3
The Commerce Department reports third quarter GDP rose 8.2 percent, the fastest since 1984, driven by business investment, inventory adjustments, and strong housing and consumer spending. Consumer confidence hits 91.7 in November while housing sales slip 4.9 percent in October. unemployment sits at 6 percent as job gains continue. Federal Reserve expected to hold rates at 1 percent on December 9.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
United States
Ken Mayland
ClearView Econom
Ics
Conference Board
National Association of Realtors
Bush
White House
Claire Buchan
Federal Reserve