Economic Growth Surges as Inflation Threatens Midterm Prospects
Report shows strong consumer spending despite high prices, while inflation looms over the upcoming election.
The latest government report says U.S. economic growth accelerated over the summer and that consumer spending stays strong even as prices stay high.
The Washington Times notes that inflation is a growing grievance for President Trump and the Republican Party as the midterms approach.
With Tuesday's midterms just around the corner, voters will weigh the economic headlines against the inflation concerns.
Original reporting
The Washington Times
U.S. economy grew faster over the summer, as consumers keep spending despite high prices
U.S. economic growth accelerated over the summer, the government said Thursday in a report showing consumer spending remains strong despite inflation grumbles that challenge President Trump and his Republican Party ahead of Tuesday's midterms.
Read the original →New York Post
US economy grows at surprising 3.4% rate, powered by consumer spending, AI investment
The better-than-expected increase in GDP was in stark contrast to households' downbeat assessment of the economy.
Read the original →
Facts this version was allowed to use
- U.S. economic growth accelerated over the summer, the government said in a report on Thursday.
- The report showed consumer spending remains strong.
- Consumers kept spending despite high prices.
- The Washington Times reported that inflation grumbles challenge President Trump and the Republican Party ahead of Tuesday's midterms.
- Tuesday's midterms are upcoming.
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