Boosted by solid consumer spending and improving international trade, the expansion of the U.S. economy rose to 2.9% in the third quarter, the Commerce Department said. Nelson Schwarts reports that economists said the biggest quarterly gain in two years will probably be enough to persuade the Federal Reserve to raise interest rates in December.
To read the full article in The New York Times, click: U.S. Economy Grew 2.9% in 3rd Quarter, Picking Up the Pace.
