U.S. third-quarter GDP growth revised up to 2.1 percent
  • 8 years ago
Nov 24 - The U.S. economy grew at a healthier clip in the third quarter than initially thought, suggesting resilience that could help give the Federal Reserve confidence to raise interest rates next month.
The Commerce Department on Tuesday said the nation's gross domestic product grew at a 2.1 percent annual pace, not the 1.5

The growth estimate was also boosted by upward revisions to business spending on equipment and investment in home building.
labor market, rising house prices, which are boosting household wealth, as well as low inflation.
Growth in exports, which have been hurt by a strong dollar and sluggish global demand, were revised to show a slower 0.9

rate of increase.
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