Revised data shows U.S. economy grew 4.4% year over year from July through September
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Revised government data said the U.S. economy grew 4.4% year over year from July through September, described as the fastest pace in two years. The revision suggests stronger activity than some earlier estimates implied. Strong growth can support hiring and incomes, but may also complicate inflation control.
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Key Entities
- • U.S. economy - Broader growth measured by government data
- • Revised government data - Updated estimate describing stronger growth
- • Economic growth - Indicator tied to jobs, incomes, and spending
- • Federal Reserve - Policymaker weighing growth against inflation
- • Labor market - Hiring environment linked to demand and output
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