The US economy isn’t quite as strong as it looks

BusinessInsider/Pedro da Costa/10-27-17

The US economy expanded a robust 3% in the third-quarter, the Commerce Department reported on Friday. That’s a second quarter of growth above the 2% pace that has persisted for much of the economic recovery, and well above Wall Street’s expectation of a 2.6% rise.

But there are a few important details in the numbers that economists, including those at the Federal Reserve, will look at. They paint a more subdued picture.

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