The U.S. economy continued to show strong growth in the third quarter. The gross domestic product (GDP) grew at a 3.5% annual rate compared with the consensus estimate of 3.4%. This follows an even stronger 4.1% for the previous quarter. It was also the strongest third quarter since 2014. The consensus estimate for the full year has been pushed from 2.50% at the beginning of the year to 2.90% currently. This compares very favorably with 1.6% in 2016 and 2.2% in 2017 and with the long-term average of 3.2%.