US Economy Expands at 2.8% Rate, Powered by Resilient Consumer.

The US economy expanded at a 2.8% rate in the third quarter, driven by increased consumer spending and government defense expenditures. Consumer spending rose by 3.7%, with broad increases in goods purchases. The report indicates solid momentum in domestic demand and steady normalization of rates, with government spending and business investment also showing growth. [Extracted from the article]