{"id":333536,"date":"2025-12-07T21:10:09","date_gmt":"2025-12-07T21:10:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/333536\/"},"modified":"2025-12-07T21:10:09","modified_gmt":"2025-12-07T21:10:09","slug":"u-s-will-finish-the-year-with-3-gdp-growth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/333536\/","title":{"rendered":"U.S. will finish the year with 3% GDP growth"},"content":{"rendered":"

U.S. Treasury Secretary Scott Bessent speaks onstage during The New York Times DealBook Summit 2025 at Jazz at Lincoln Center on December 03, 2025 in New York City. <\/p>\n

David Dee Delgado | Getty Images Entertainment | Getty Images<\/p>\n

More CNBC coverage on U.S. economy<\/p>\n

The latest report on inflation<\/a>, delayed by the government shutdown, showed consumer prices rising 3% year-over-year in September, including a 3.1% uptick in cost for food at home. <\/p>\n

As rising prices continue to affect consumers, President Donald Trump<\/a> has pushed back on the idea that Americans are struggling financially. <\/p>\n

“The word ‘affordability’ is a con job by the Democrats,” Trump said during a cabinet meeting on Tuesday. “The word ‘affordability’ is a Democrat scam.”<\/p>\n

Lately, voters have expressed frustration with Trump’s handling of the economy. Around two-thirds of registered voters say the Trump administration has fallen short on the economy and the cost of living, according to a recent poll from NBC News<\/a>.<\/p>\n

When asked about Trump’s comments on Sunday, Bessent said that the administration was dealing with inflation issues leftover from the Biden administration and pointed to media coverage as a source of Americans’ view of the economy. \u00a0<\/p>\n

“The American people don’t know how good they have it,” he said. “Now, Democrats created scarcity, whether it was in energy or over-regulation, that we are now seeing this affordability problem, and I think next year we’re going to move on to prosperity.”<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. Treasury Secretary Scott Bessent speaks onstage during The New York Times DealBook Summit 2025 at Jazz at…\n","protected":false},"author":2,"featured_media":333537,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,4333,5833,15557,99,174,5834,2490,5056,164,84,9074,15556,16740,2418,1055],"class_list":["post-333536","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-breaking-news-business","tag-breaking-news-economy","tag-breaking-news-politics","tag-business","tag-business-news","tag-donald-j-trump","tag-donald-trump","tag-economic-events","tag-economy","tag-politics","tag-prices","tag-retail-industry","tag-scott-bessent","tag-u-s-economy","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/333536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=333536"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/333536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/333537"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=333536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=333536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=333536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}