The Commerce Department is expected to report Wednesday that the gross domestic product — the economy’s total output of goods and services — grew at a 2.6% annual pace last quarter

WASHINGTON (AP) — Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates.

Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates.

By one measure, inflation is on the verge of falling to a 2% annual rate, a fresh low since 2021 and consistent with the Federal Reserve's definition of stable price increases. However, reaching that milestone would come with an asterisk.