# US Economy Grows at 3.4% Rate

> US economy expands at 3.4% pace driven by consumer spending and AI investment.
- Title: US Economy Grows at 3.4% Rate · New York Post | Shortify
- Summary: US economy expands at 3.4% pace driven by consumer spending and AI investment. The US economy grew at a 3.4% annualized rate in Q3, fueled by strong consumer…
- Keywords: us economy, consumer spending, ai investment, gdp growth, third quarter, oil prices, news, entertainment, Economy, Grows, Rate, New York Post
- Source: New York Post — https://nypost.com/2026/10/29/business/us-economy-grows-at-3-4-rate-powered-by-consumer-spending-ai-investment
- Published: 2026-10-29T15:49:15+00:00
- Read time: 1 min
- Topics: us economy, consumer spending, ai investment, gdp growth, third quarter, oil prices, news, entertainment
## US Economy Grows
The US economy grew at its fastest pace in a year in the third quarter, shrugging off higher oil prices from the Middle East conflict.
## GDP Growth Rate
Gross domestic product increased at a 3.4% annualized rate last quarter, exceeding economists' forecast of 3.2%.
## AI Investment Impact
Businesses doubled down on AI investment, which some economists say may not reflect the true economy due to uncertain long-term returns.
## Consumer Spending
Consumer spending increased at a 3.8% pace, supported by low layoffs and moderate hiring despite wage gains lagging inflation.
## Key takeaway

The US economy grew at a 3.4% annualized rate in Q3, fueled by strong consumer spending and AI investment despite higher oil prices.