By Kent Hoover
The Federal Reserve’s confidence in the economy was rewarded by a better-than-expected report on economic growth in the third quarter.
Gross domestic product increased at an annual rate of 3.5 percent in the third quarter, according to an initial estimate by the Bureau of Economic Analysis.
We can thank personal consumption, exports, nonresidential fixed investment and government spending for this jump, according to the bureau.
The strong third quarter followed 4.6 percent GDP growth in the second…
Source:: BizJournal Real Estate