GDP beats expectations; 'I'm amazed by the American consumer,' economist says

The Bureau of Economic Analysis said the improved second-quarter GDP results are credited to a decrease in imports, which are ...

US economy is growing at fastest pace in nearly 2 years — White House calls it ‘explosive growth’ as spending roars back. Is Trump really winning?

Take, for example, the fact that after months of dismal jobs numbers and recession predictions, a recent White House press release touted the U.S. Bureau of Economic Analysis’ revision of second ...
Marketplace

Consumer spending was — once again — key to GDP growth last quarter

Economic growth came in pretty strong for the fourth quarter of 2024. As we learned on Thursday, GDP rose at an annual rate of 2.3%. And consumer spending is a key contributor. It rose 4.2% for the ...
Inc

Recession Watch? Tanking Consumer Confidence Foreshadowed GDP Contraction in Q1

Neither business leaders nor consumers needed to hear Wednesday’s dismal news that the U.S. economy shrank 0.3 percent during the first quarter of 2025 to voice their concerns about the way things are ...
Marketplace

GDP shows spenders keep spending despite high interest rates

The latest gross domestic product report came in Thursday morning. It showed that last year ended with a moderating growth rate in the fourth quarter. But overall, GDP was strong in 2024, coming in at ...

America can't spend its way out of a recession

Consumers are still spending like mad. But increasing unemployment and a decline in business investment are worrying ...
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‘Thanks to the mighty consumer,’ GDP shows more spring in U.S. economic growth

The Federal Reserve cut interest rates last week because of fresh worries about the jobs market, but the broader U.S. economy still appears to be in pretty good shape thanks to American consumers.