U.S. economy grew at a fast clip this summer, thanks to business, consumer spending

Democracy Dies in Darkness

Growth raced at an annual rate of 3.4 percent from July through September.

October 29, 2026 at 11:29 a.m. EDTToday at 11:29 a.m. EDT

Google’s Storey County Campus under construction this month in Sparks, Nevada. Investment in AI infrastructure continues to power the economy. (Daniel Cole/Reuters)

The U.S. economy grew at an annual rate of 3.4 percent from July through September, as businesses rushed to capitalize on the boom in artificial intelligence and consumers continued spending despite high prices

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U.S. economy grew at a fast clip this summer, thanks to business, consumer spending