US economy grew at a solid 2.8% pace last quarter on strength of consumer spending

The transcript discusses the importance of economic issues for voters, highlighting the recent GDP report showing 2.8% growth in the third quarter. It notes upcoming economic reports on inflation and jobs, which could influence undecided voters. Despite positive economic indicators, there's a disconnect between actual performance and public perception, with many Americans believing the economy is struggling. Consumer spending, driven by rising wages and low unemployment, is a key growth factor. However, high housing prices and interest rates continue to affect public sentiment. The transcript concludes by emphasizing the impact of gas and grocery prices on public perception.

What does the latest GDP report indicate about the US economy's growth in the third quarter?

How do the economic reports affect undecided voters according to Thomas Hoppo?

What is the relationship between consumer spending and the country's economic activity?

What factors contribute to the disconnect between the actual economy and public perception?

What are the implications of rising gas and grocery prices on Americans' perception of the economy?