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

With days to go before the midterms, data shows the U.S. economy is doing well24 publishers · first seen Tue, 27 Oct 2026 11:14 UTC · updated Fri, 30 Oct 2026 10:19 UTCThe U.S. economy grew at a 3.4% annualized rate in the July‑September quarter, up from a 2.2% pace in the previous quarter, according to the Commerce Department. Growth was driven by strong consumer spending, which rose at a 3.8% rate, and a surge in artificial‑intelligence‑related business investment.Inflation accelerated, with prices rising 3.6% in September from a year earlier, above the Federal Reserve’s 2% target, while the Fed kept its benchmark interest rate unchanged. The report was released days before the midterm elections, amid concerns about higher energy costs linked to the conflict with Iran and mixed public sentiment about the economy.Content auto-generated. May contain inaccuracies.