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Consumers fueled US economy in 3rd quarter as tariffs hit business investment

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Strong consumer activity this summer partially offset the effects of an ongoing trade dispute between the two largest economies.

The record-long expansion cooled in the third quarter but kept up a solid pace. The Commerce Department said Wednesday that gross domestic product rose by 2.1% from July to September. Strong consumer activity has offset the effects of a more than yearlong trade dispute between the two largest economies. Visit Business Insider's homepage for more stories.

The record-long expansion cooled in the third quarter but kept up a solid pace. The Commerce Department said Wednesday that gross domestic product rose by 2.1% from July to September. Strong consumer activity has offset the effects of a more than yearlong trade dispute between the two largest economies. Visit Business Insider's homepage for more stories.

 

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