TOM FARANDA'S FOLLY--NYT: US ECONOMIC GROWTH SURGED IN THIRD QUARTER OF 2025

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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 from the previous quarter.

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. SEE MORE AT NYT: “U.S. Economic Growth Surged in Third Quarter of 2025” – Tom Faranda's Folly