U.S. economic growth likely accelerated in the third quarter as consumers maintained a strong pace of spending and exports surged, potentially keeping the Federal Reserve on track to raise interest rates in December.
Gross domestic product probably increased at a 2.5 percent annual rate after expanding at a 1.4 percent pace in the second quarter, according to a Reuters survey of economists. That would be the strongest growth rate since the second quarter of 2015.
In addition to support from consumer spending and exports, the economy is also expected to have received a boost from a rebound in mining activity and inventory investment.
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