The US economy grew at a 3.1% annual rate from July to September (Q3).
This is an update to earlier estimates.
Growth was supported by strong consumer spending.
Higher exports also contributed to the growth.
US DOLLAR FALLS AFTER REPORT ON TRUMP DELAYING TRADE TARIFFS The U.S. dollar fell on Monday. A report suggested that President-elect Donald Trump would delay imposing trade tariffs after his inauguration. This forecast had previously helped boost the U.S. dollar following Trump’s election victory in November.
Trump canceled 78 executive orders that Biden had signed. It is not yet known which specific orders were canceled. Trump also signed orders to stop new government rules and pause federal hiring. People cheered when the news was announced at Capital One Arena.
Donald Trump, the new US President-elect, has launched his own cryptocurrency called $Trump. The value of the coin quickly increased to around $5.5 billion. The cryptocurrency was created by CIC Digital LLC, a company linked to Trump's business. Meme coins like $Trump are popular online but can
Frank Elderson is an important member of the European Central Bank (ECB). He is worried about cutting interest rates too quickly. He thinks lowering rates fast could make it harder to control inflation in services. This could also slow down the economic recovery. Elderson believes careful decisions are needed to