US Third-Quarter GDP Rises 3.4%, Oxford Economics Says Growth Is Unbalanced
Oxford Economics says the US economy remains strong but unbalanced, with third-quarter GDP at 3.4%, stronger than analysts expected. The note cites continued growth in AI-related investment.
1002 ET - The U.S. economy remains strong, but unbalanced, a note from Oxford Economics says. Third-quarter GDP came in at 3.4%, stronger than analysts expected, reflecting the continuation of the AI boom. "Private fixed investment is surging amid the AI buildout, and we expect economic growth to r…