US Economy Accelerates at Fastest Pace in Two Years

The U.S. economy grew sharply from July through September, new data shows. This marks its strongest quarterly expansion in two years. The growth was driven primarily by American consumers. Increased spending on goods and services powered the acceleration, as detailed in the Commerce Department's latest Gross Domestic Product (GDP) report. GDP is the broadest measure of a nation's economic output. The data indicates resilience in the world's largest economy. It comes amid concerns over high interest rates and inflation. The report provides a key snapshot of economic health. Analysts will watch to see if this momentum continues through the end of the year.