US Economy Grew More Than Expected Over Summer

The US economy grew at a healthy 3.4% annual pace from July through September, accelerating from the second quarter on strong consumer spending and investment in artificial intelligence, per the AP. The expansion in third-quarter gross domestic product—the nation's output of goods and services—was faster than the 2.2% growth registered from April through June, the Commerce Department said Thursday. It's also the fastest pace in a year, per the Wall Street Journal. Economists had expected GDP to grow 3% in the third quarter, according to a survey of forecasters by the data firm FactSet.