‘Thanks to the mighty consumer,’ GDP shows more spring in U.S. economic growth
1. Federal Reserve cut interest rates due to jobs market concerns but economy remains strong. 2. GDP rose to 3.8%, indicating robust consumer spending and economic growth. 3. High consumer spending driven by stable employment and increased household incomes. 4. Economists show mixed confidence in future consumer spending sustainability. 5. Stock market growth contributes to elevated spending from wealthier Americans.