TechFlow news, January 22 — The U.S. economy grew slightly more than initially reported in the third quarter, driven by stronger exports and a smaller drag from inventory factors. The latest data shows that the inflation-adjusted annualized quarterly growth rate of real U.S. GDP was revised to 4.4%, the fastest pace in two years. This marks one of the strongest back-to-back quarters of growth since 2021, when the economy was still recovering from the pandemic. After a rush at the beginning of the year to purchase goods ahead of Trump's sweeping tariff hikes, businesses have slowed their pace of goods imports. Nonetheless, despite erratic trade policies, both consumer and business spending remain strong. With robust economic growth, a stable labor market, and inflation still above the Fed's target, policymakers are expected to hold interest rates steady at their meeting next week. (Jinshi)
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