US economy grows 1.9% on consumer strength
By Jonathan Garber FOXBusiness
The U.S. economy showed more strength than expected in the three months through September, growing 1.9 percent, according to an advance reading from the Commerce Department.
The expansion in gross domestic product topped the annualized 1.6 percent that economists surveyed by Refinitiv were expecting, though it was still slower than earlier in the year. The U.S. economy grew at a 2 percent pace in the second quarter and by 3.1 percent at the start of 2019.
The waning momentum reflects the 15-month long trade war between the U.S. and China, which has weighed on consumer and business confidence.
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https://www.foxbusiness.com/markets/gross-domestic-product-us-economy
