{"id":15060,"date":"2025-12-24T09:23:00","date_gmt":"2025-12-24T09:23:00","guid":{"rendered":"https:\/\/tomfarandasfolly.com\/?p=15060"},"modified":"2025-12-24T05:30:35","modified_gmt":"2025-12-24T05:30:35","slug":"nyt-u-s-economic-growth-surged-in-third-quarter-of-2025","status":"publish","type":"post","link":"https:\/\/tomfarandasfolly.com\/?p=15060","title":{"rendered":"NYT: &#8220;U.S. Economic Growth Surged in Third Quarter of 2025&#8221;"},"content":{"rendered":"\n<p>It seems that my skepticism about tariffs was misplaced. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/tomfarandasfolly.com\/wp-content\/uploads\/2025\/12\/economy-soaring.jpg\" alt=\"\" class=\"wp-image-15061\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.nytimes.com\/2025\/12\/23\/business\/us-economy-consumer-spending.html?campaign_id=60&amp;emc=edit_na_20251223&amp;instance_id=168383&amp;nl=breaking-news&amp;regi_id=87616590&amp;segment_id=212670&amp;user_id=1c634a87d1656cc79c8753416632bbac\" data-type=\"link\" data-id=\"https:\/\/www.nytimes.com\/2025\/12\/23\/business\/us-economy-consumer-spending.html?campaign_id=60&amp;emc=edit_na_20251223&amp;instance_id=168383&amp;nl=breaking-news&amp;regi_id=87616590&amp;segment_id=212670&amp;user_id=1c634a87d1656cc79c8753416632bbac\">The U.S. economy grew at a vigorous pace through the end of September, despite the uncertainty created by tariffs and widespread concerns about affordability among households. Economic growth rose at a 4.3 percent annual rate in the third quarter, the Commerce Department reported Tuesday, an acceleration from the previous quarter.<\/a><\/p>\n\n\n\n<p>The third-quarter reading showed that, even in the face of negative consumer sentiment and a softening job market, the roughly $30 trillion economy started October on relatively solid footing as a whole, outperforming the bearish expectations of some experts only months before.<\/p>\n\n\n\n<p>\u201cIt shows an economy that is mostly solid, actually still firing on most cylinders if not all cylinders, though I still think we have a lot of noise in the quarter to quarter data,\u201d said Michael Pearce, chief U.S. economist at Oxford Economics. \u201cMost of the strength is coming from wealthier households.\u201d<\/p>\n\n\n\n<p>***********************<\/p>\n\n\n\n<p>the economy has remained far more resilient than many economists had expected, particularly given President Trump\u2019s sweeping tariffs. Although tariffs have undoubtedly raised the costs of some goods, <a href=\"https:\/\/www.nytimes.com\/2025\/12\/23\/business\/holiday-spending-mastercard.html\">consumers have continued to spend<\/a>. Consumption, which constitutes roughly 70 percent of the economic pie in a typical year, rose at a 3.5 percent annualized pace in the quarter.<\/p>\n\n\n\n<p>\u201cEven as consumption takes the reins back from investment, the economy maintains considerable momentum,\u201d said Paul Ashworth, chief North America economist at Capital Economics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It seems that my skepticism about tariffs was misplaced. The U.S. economy grew at a vigorous pace through the end of September, despite the uncertainty created by tariffs and widespread concerns about affordability among households. Economic growth rose at a 4.3 percent annual rate in the third quarter, the Commerce Department reported Tuesday, an acceleration [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,9],"tags":[],"class_list":["post-15060","post","type-post","status-publish","format-standard","hentry","category-economics-and-politics","category-investing-and-business"],"_links":{"self":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/15060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15060"}],"version-history":[{"count":1,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/15060\/revisions"}],"predecessor-version":[{"id":15062,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/15060\/revisions\/15062"}],"wp:attachment":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}