Shoppers at an Albertsons grocery store in Scottsdale, Arizona. Photographer: Ash Ponders/Bloomberg.
The U.S. economy expanded at a robust pace in the third quarter, as household purchases accelerated ahead of the election and the federal government ramped up defense spending.
Inflation-adjusted gross domestic product (GDP) increased at a 2.8 percent annualized pace after rising 3 percent in the previous quarter, according to the government's initial estimate published Wednesday.
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