The US economy isn't quite as strong as it looks

AP/Mike Groll The US economy grew at a rate of 3% in the third quarter, the Commerce Department said Friday. Both business investment and consumer spending made solid contributions to third-quarter gains. That headline, however, masks the fact that overall growth is still closer to 2%, and some key indicators explain why. Inflation remains well below the Federal Reserve's target. Gross domestic product, the measure used to represent the US economy, expanded by a robust 3% in the third quarter, t...