Mike Walden, N.C. State Economics Professor Emeritus, on Strong U.S. Economic Growth Despite High Interest Rates

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.