American economy grows at fastest pace in years with much-better-than-expected 4.3% GDP gain
The American economy grew at its fastest pace in two years during the third quarter, with inflation-adjusted gross domestic product rising at a much-better-than-expected 4.3% annualized rate, according to a Bureau of Economic Analysis report released Tuesday.
Jeff Cox and Fred Imbert for CNBC:U.S. gross domestic product, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading
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