U.S. Economy Expands at 2.8% Rate

GDP rose by more than 2.5% for a sixth consecutive quarter, "the longest stretch of such solid growth since 2006."

By Matthew Boesler | October 30, 2024 at 01:38 PM

Photo: 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.

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News

1 Treasury Department Flags Risks from New Cross-Border Payments Systems

2 U.S. Initial Jobless Claims Decline

3 Federal Court Shuts down Expanded Overtime Pay Rule

4 How to Hedge the Interest Rate Exposure in Cash Balance Plans

5 Trudeau Government Has Likely Blown Past Fiscal Anchor

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Federal Court Shuts down Expanded Overtime Pay Rule

By Michael Popke | November 21, 2024

According to a Texas judge, the U.S. Department of Labor overstepped its boundaries in raising the salary threshold.

Federal Court Shuts down Expanded Overtime Pay Rule

U.S. Initial Jobless Claims Decline

By Jarrell Dillard | November 21, 2024

Last week, unemployment applications fell to 213,000, the lowest level since April.

Treasury Department Flags Risks from New Cross-Border Payments Systems

By Christopher Anstey | November 21, 2024

Soon after BRICS leaders said they will build a cross-border payments system that bypasses Western platforms, a senior U.S. Treasury official warns that such a system would pose risks to international financial stability if it didn’t adhere to standards aimed at minimizing illicit activity.

Treasury Department Flags Risks from New Cross-Border Payments Systems

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