US economy rebounds more than expected— with GDP growing 3% despite tariffs
1. US economy grew 3% in Q2, rebounding from a prior drop. 2. Consumer spending improved slightly, while private investment sharply fell. 3. Tariffs and economic uncertainty are affecting consumer and business confidence. 4. Inflation pressures eased, with PCE index rising at a lower rate. 5. Trump advocates for lower interest rates following GDP gain.