World News

With days to go before the midterms, data shows the U.S. economy is doing well

Oct 29, 2026 · Stephan Bisaha

Originally published by NPR News Read the original

With days to go before the midterms, data shows the U.S. economy is doing well
The U.S. economy grew 3.4% in the July to September quarter from a year earlier, a much faster pace of annual growth than in the second quarter. Consumer spending was one of the main drivers of growth — though many Americans continue to struggle with inflation.
The U.S. economy grew 3.4% in the July to September quarter from a year earlier, a much faster pace of annual growth than in the second quarter. Consumer spending was one of the main drivers of growth — though many Americans continue to struggle with inflation.

GDP grew at an annual rate of 3.4% in the third quarter in the last major read on the economy ahead of the midterm elections — but many Americans continue to struggle with affordability.

(Image credit: Joe Raedle)

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