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The U.S. economy grew at a 3.4% annualized rate from July through September, its fastest pace in a year, with consumer spending and business investment supporting growth. Inflation also picked up, leaving price pressures in view.
HOW THIS BRIEF WAS MADE 15 outlets: 1 official · 11 national · 1 international · 2 trade press. Automated sourcing and summaries by the BLUF engine. Corrections
Growth affects workers, businesses and household incomes, while persistent inflation can influence borrowing costs and household budgets. The reports point to strong overall activity but also continuing affordability concerns for many households.