WASHINGTON, Sept 26 (Reuters) - The U.S. economy grew faster than initially thought in 2023 amid upgrades to business investment and consumer spending despite hefty interest rate increases from ...

(Bloomberg) -- The US economy bounced back from the pandemic ... For 2022, the government revised up second-quarter GDP to a 0.3% increase from a decline of 0.6%. Previously, the data showed ...

A measure of future U.S. economic activity fell in May for the sixth straight month and triggered a recession signal, held ...

US Economic Growth for Last Quarter Is Revised up Slightly to a 1.4% Annual Rate WASHINGTON (AP) — The American economy expanded at a 1.4% annual pace from January through March, the slowest ...

US Economic Growth for Last Quarter Is Revised up to a Solid 3% Annual Rate WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending ...

Economists polled by Reuters had forecast GDP would be unrevised at a 2.8% pace. Consumer spending, which accounts for more than two-thirds of the economy, increased at an upwardly revised 2.9% rate.

“The GDP revisions show the U.S. economy was in good shape in mid-2024,” said Bill Adams, chief economist at Comerica Bank. “Solid growth of consumer spending propelled the economy forward ...

A measure of inflation in the January-March GDP report was revised slightly down from the government’s original estimate. But price pressures still picked up in the first quarter. Consumer ...

The first quarter’s GDP growth marked a sharp pullback from ... Consumers account for around 70 percent of US economic activity. “The economy remained resilient in the first quarter ...

A measure of inflation in the January-March GDP report was revised slightly down from the government’s original estimate. But price pressures still picked up in the first quarter. Consumer prices rose ...

“The GDP revisions show the US economy was in good shape in mid-2024,’’ said Bill Adams, chief economist at Comerica Bank. “Solid growth of consumer spending propelled the economy forward ...