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The Latest Economic Figures Are In And Yes, It’s Great News For Us (And Trump)

By Updated: BUSINESS

Here’s some genuinely good news to start your Tuesday. After a reporting delay caused by Democrats’ Schumer Shutdown, the long-awaited Q3 GDP numbers are finally in—and they beat expectations handily.

The economy grew at a robust 4.3 percent, a clear sign that growth is powering ahead despite Washington dysfunction and partisan gamesmanship. For all the left’s doom-and-gloom rhetoric, the numbers tell a very different story.

“We’re looking for 3.3. Zoom, zoom, zoom! 4.3 percent,” said the CNBC host. “That is a nice jump.” This would be the strongest quarter since Q3 of 2023.

Axios:

The U.S. economy expanded at a4.3% annualized pace in the third quarter, according to a government-shutdown delayed report from the Commerce Department on Tuesday.

Why it matters: Despite consumers’ low marks on the Trump economy, growth was much stronger than expected, helped by stronger consumer spending and AI investment.

Zoom out: The third-quarter expansion follows the 3.8% annualized growth in the second quarter, after the economy shrunk by 0.6% in the first three months of the year.

  • Both of those figures were impacted by the effects of the tariffs.
  • At the start of the year, a rush to import goods before tariffs took effect weighed on GDP. The unwind of that activity helped boost growth in the second quarter.

The big picture: The solid GDP figure in the third quarter is somewhat at odds with a sluggish labor market that has prompted the Federal Reserve to cut interest rates three times this year.

  • Strong growth has typically translated into strong hiring, but that hasn’t been the case in recent months. Hiring has been slow, and over the summer, employers shed workers on net.

The bottom line: The economy had momentum heading into the final quarter of the year, a bragging point for the Trump administration that is seeking to sell its economic agenda.

This is good news heading into 2026, when the economy will be a major factor in the midterm elections. So expect the dog-stuff media to continue its ongoing effort to ‘talk down’ the economy to sow doubts in the minds of impressionable voters, to try and get them to disbelieve their own eyes and fatter wallets.

And yes, we can thank President Trump and his economic team for pulling this off. Even his critics will be doing better a year from now.

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