The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.

The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday's report from the Commerce Department said the gross domestic product — the economy's total output of goods and...

The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.

Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates.

WASHINGTON (AP) — Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates.

The Commerce Department is expected to report Wednesday that the gross domestic product — the economy’s total output of goods and services — grew at a 2.6% annual pace last quarter

Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter.

Imports dragged down GDP but consumer spending was the strongest it has been in over a year. | Economy

In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.

Oct. 30 (UPI) -- U.S. third quarter real Gross Domestic Product grew at an annual rate of 2.8%, according to a Wednesday advance estimate from the Bureau of Economic Analysis.