Mike Walden, N.C. State Economics Professor Emeritus, on Strong U.S. Economic Growth Despite High Interest Rates
WPTF Afternoon News · WPTF FM 92.9 AM 680
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Show Notes
N.C. State Economics Professor Emeritus Mike Walden joined Jeff Hamlin on the WPTF Afternoon News to discuss the recent 2.8% growth rate of the U.S. economy from July through September. Consumer spending surged, accounting for 70% of activity and growing at a strong 3.7% annual pace, reflecting resilience even as high interest rates persist. Walden also highlighted the role of increased exports, which contributed to the third quarter’s growth at an impressive 8.9% rate. The conversation offers insights into what these numbers mean for the U.S. economy as the presidential race heats up.