✉news BusinessEconomy first seen 18 h ago, last 10 h ago, peak #9
US economy shows resilience on solid consumer spending
Original: US economy shows resilience on solid consumer spending, growth data
New US growth data points to an economy holding up better than expected, driven by solid consumer spending. The figures suggest American households continue to sustain economic activity despite higher interest rates and persistent concerns about inflation and a possible slowdown. Commentators are weighing whether the resilience will last or whether cracks will emerge in coming quarters.
Why now: Fresh growth data showing continued consumer strength challenges expectations of an imminent US slowdown.
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Evidence
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