US Economy Soars: Q3 GDP Growth Fastest in 2 Years, Beats Forecasts

• US GDP grew 4.3% in Q3, marking its fastest expansion in two years and surpassing economists' estimates of 3.3%.
• Strong consumer spending, increased exports, government spending, and business investment fueled the robust economic growth.
• President Donald Trump attributed the strong economic performance to his tariff policies, claiming they would improve further.
• Experts note higher-income groups drove spending, while inflation, partly linked to tariffs, impacted lower-income groups.
• The strong Q3 GDP growth reduces the likelihood of the Federal Reserve cutting interest rates in January, despite accelerated inflation.

Why It Matters: US economy surged in Q3, exceeding expectations, but future rate cuts are now less likely.