Fed help leads US to 3.5% growth rate
Fed help leads US to 3.5% growth rate
WASHINGTON
The U.S. economy powered its way to a solid annual growth rate of 3.5 percent from July through September, outpacing most of the developed world and appearing on track to extend its momentum through this year and beyond.
The result isn’t a fluke.
It turns out the world’s biggest economy did a lot of things right after the Great Recession that set it apart from other major nations. In the view of many economists, those key decisions, particularly by the Federal Reserve, appear to be paying off now.
An improving economy led the Fed on Wednesday to end its stimulative bond- buying program.
Associated Press