WASHINGTON — The U.S. economy expanded more slowly than economists expected in the third quarter, when it grew at an annual rate of 2.6% according to the third and final estimate Wednesday from the Commerce Department.

The estimate was revised upward from a prior 2.4% growth rate due to a stronger contribution from inventories. Economists forecast a 2.8% pace.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.