Economy grew 3.5% in third quarter, pushing corporate profits to 6-year high, GDP shows
A torrid U.S. economy blazed a 3.5% pace of growth during the summer and boosted corporate profits to the highest rate in six years, fresh government figures show. The increase in gross domestic product — the official measuring stick of the economy — was unchanged from the original finding. Economists polled by MarketWatch had forecast third-quarter GDP to be revised up to 3.6% annual rate.
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