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The US Economy Actually Grew At A Slightly Lower Rate Last Quarter

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The US Economy Actually Grew At A Slightly Lower Rate Last Quarter
On Friday, the Commerce Department revised the third-quarter GDP growth rate down to 3.4 percent.
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The U.S.'s third-quarter GDP growth rate wasn't quite as high as the government previously estimated. 

On Friday, the Commerce Department revised that figure to 3.4 percent, down just a bit from the original 3.5 percent. 

According to the Department, the change is due to revisions in exports and consumer spending, but it's still considered a solid growth rate. 

In the second quarter, U.S. economic growth hit an almost-four-year record of 4.1 percent. 

Earlier this week, the Federal Reserve predicted steady growth for next year's economic forecast.