By Basant El-Faramawy
The U.S. economy grew at a 3.4% annualized pace from July through September, according to data released Thursday, lifted by resilient consumer spending and increased investment in artificial intelligence.
Consumer spending and AI investment fuel growth
The Commerce Department's gross domestic product figure for the third quarter reflects stronger household outlays and business spending on AI-related equipment and software, signaling continued economic momentum heading into the final months of 2026.
