US gross domestic product (GDP) rose by 2.8% in the third quarter, short of economists' forecasts of 3.1%, and down from the previous quarter's 3%.
The increase was driven primarily by consumer spending, exports and federal government spending.
The figures appear to vindicate US policymakers' efforts to bring down inflation from its highest level in a generation of 9.1% in June 2020 to an annual rate of 2.4% last month, its lowest rate in more than three years.
The US Federal Reserve rapidly increased interest rates to tamp down prices in a move that economists feared risked tipping the world's largest economy into recession. Such warnings failed to materialise.
Denne historien er fra October 31, 2024-utgaven av The Guardian.
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Denne historien er fra October 31, 2024-utgaven av The Guardian.
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Rise lays bare the risks ahead for Labour
Any lingering hope that the Bank of England might deliver a pre-Christmas interest rate cut next month evaporated yesterday after official data showed inflation jumped to 2.3% in October.
'My way as a manager was taught by Bobby Robson'
George Burley is enjoying Ipswich's revival having reached great heights there more than 20 years ago
Tuchel takes goalkeeping coach Hilario from Chelsea
Thomas Tuchel's backroom staff has been bolstered by the addition of Henrique Hilario, who is ending his 18-year association with Chelsea to become England JS new goalkeeping coach.
Kosovo to take Uefa to Cas after Romania awarded points
Kosovo are preparing an appeal to the court of arbitration for sport (Cas) after Uefa handed them a 3-O defeat for walking off the field during Friday's Nations League tie against Romania in Bucharest, which was eventually abandoned when they elected not to return.
Staying power No relegation break clause in Guardiola's new City contract
Pep Guardiola's new one-year contract with Manchester City does not contain a break clause should the club be relegated from the Premier League if found guilty of financial wrongdoing by an independent commission.
Lopetegui's future to be decided in next two games
Julen Lopetegui is facing two make-or-break games at West Ham, who have used the international break to explore potential replacements.
City's empire faces a set of challenges that will test Guardiola's genius
After signing deal, manager is left with an ageing squad as threat of Premier League punishment looms large
Curry changing his technique to avoid more concussions
England are making changes to Tom Curry's all-action technique to ensure his safety after he returned to the fold for Sunday's clash with Japan following his latest concussion.
Sacking me won't help Wales, insists Gatland in plea for patience
The last rites, if that is what they are, are going to drag on a while longer yet. Warren Gatland has reiterated that he would resign as head coach if it were \"in the best interests of Welsh rugby\", while also making it Very clear that in his opinion it is not.
Bronze takes 65 seconds to fire Chelsea into last eight
Chelsea cruised into the knockout stages of the Champions League with two games to spare at Stamford Bridge.
