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U.S. economy grows at solid 3.5% rate in third quarter
U.S. economy grows at solid 3.5% rate in third quarter

The U.S. economy expanded at a solid pace in the third quarter, beating expectations and adding a little more momentum in the face of increased risks from slower global growth and heightened uncertainty in financial markets. The nation's gross domestic product, the total value of the goods and services produced, increased at a 3.5% annual rate in the July-to-September period, the Commerce Department said Thursday. That is the change from the second quarter, when real GDP bounced up to an annual pace of 4.6% after a brutal winter brought a 2.1% contraction in output at the start of the year. All in all, the latest report confirms that the U.S. economy is on more solid footing and...

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