U.S. economy grows at a 3.4% annualized pace in the third quarter

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Facts. On October 29, the Bureau of Economic Analysis estimated real U.S. GDP grew at a 3.4% annualized rate in the third quarter of 2026, up from 2.2% in the second quarter. Investment, consumer spending and government spending contributed to growth.

Why it matters. The data help assess economic momentum as policymakers weigh inflation and employment.

Rockstar Briefing analysis. This is an advance estimate and may be revised. The annualized quarterly rate is not the same as year-over-year growth; it should be read alongside inflation and future releases.

U.S. Bureau of Economic Analysis