The US economy grew at a robust 4.9% rate in the third quarter

​ The US economy expanded at an even stronger pace in the third quarter, despite interest rates at their highest level in 22 years.Gross domestic product, a measure of all goods and services produced in the economy, grew at an annualized 4.9% rate in the third quarter, the Commerce Department reported Thursday. GDP is adjusted for inflation and seasonal swings.That’s well above the second quarter’s 2.1% pace and faster than economists’ expectations of a 4.3% rate.Robust consumer spending fueled growth in the third quarter, a sign of the economy’s remarkable resilience in the face of tougher borrowing costs and persistently high inflation.But that strength isn’t expected to continue as the economy faces a number of headwinds, including soaring bond yields and the resumption of student loan repayments.This story is developing and will be updated. Read More Breaking News, Latest News and Videos | CNN