Growth is in sharp contrast to ​households’ assessment, reflected in ‌Trump’s record-low approval ratings

The US economy grew faster than expected in the third quarter as resilient consumer spending and AI-driven ⁠business investment more than ⁠offset the impact ​of higher oil prices stemming from the conflict in the Middle East.

Gross domestic product (GDP) increased at a 3.4% annualized rate last quarter, the commerce department’s ⁠bureau of economic analysis said in its advance estimate of the third quarter GDP on Thursday. Economists polled by Reuters had forecast GDP advancing at a 3.2% pace.

In advance of the midterms, Trump is blaming Kyiv for high gas prices while making clear moves to support Russia

As the US midterms approach, Donald Trump is abandoning Ukraine’s democracy in a desperate effort to deny responsibility for worsening inflation. Yet this past weekend’s dramatic elections in Brazil and Serbia show that voters can see through such subterfuge.

There is nothing like a political party’s corrupt indifference to the plight of ordinary people to galvanize voter turnout. If US voters follow in the footsteps of their Brazilian and Serbian counterparts, a Democratic landslide is likely.

Fed chair Kevin Warsh said politics played no role in pause of interest rate hikes, despite inflation remaining above 3%

The US Federal Reserve left interest rates unchanged on Wednesday during its last board meeting before the midterm elections, keeping rates at one of the highest pre-election levels seen in over 20 years.

Two out of 12 board members voted against the pause, preferring to raise rates by a quarter point this meeting, the Fed board said in a statement.