GDP Grows as Inflation Squeezes Household Purchasing Power
Inflation absorbed almost all of United States consumers’ September spending increase, leaving households paying more for barely any additional goods and services. The monthly result complicates the stronger growth picture in the third-quarter GDP estimate that the Bureau of Economic Analysis announced Thursday (Oct. 29). The economy expanded at a 3.4% annualized rate, up from […] The post GDP…
We haven't written up this one. PYMNTS has the full story — the link below goes straight to it.
