The US economy experienced strong growth in the third quarter, with gross domestic product (GDP) increasing at an annualized rate of 2.8%. This growth was largely driven by a significant rise in consumer spending, which reached its highest rate of the year at 3.5%.

The widespread progress across different sectors indicates a resilient economic environment, reflecting positive consumer confidence and spending patterns. Business investment also remained steady, contributing to the overall economic expansion.

This data highlights the ongoing recovery and strength of the US economy amidst current challenges.