What continued GDP growth means for the U.S. economy

The US GDP grew at an annual rate of 2.4% from April to June, surpassing predictions.

[{"selector":"#anim-aa246c4c-3006-44bc-bd42-2ed6af79f225 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(19.437499814547937%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Consumer growth remains strong, contributing significantly to the economy.

[{"selector":"#anim-d9823cb5-370a-4edd-810e-84c6a6b46b30 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, -6.998630013299589e-7%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Businesses continue to invest, reflecting confidence in the economy.

[{"selector":"#anim-5599a354-7823-477d-9c38-a2608c84f44b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.26320411165796%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Increased spending from local and state governments further contributes to growth.

[{"selector":"#anim-4063096b-4d1c-4b28-8d46-4c6c26bbeed2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(30.320142543626865%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Federal Reserve Chair Jerome Powell stated that the central bank no longer expects a recession.

[{"selector":"#anim-957a78d6-9d5c-40fa-bde0-b8c4fefbfaad [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.211734579871088%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

While optimism is warranted, caution is necessary due to potential economic headwinds.

[{"selector":"#anim-0a5c96ce-0f6f-4a24-946d-e1bb387ca5dc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Effects of interest rate increases might impact car and home buying in the future.

[{"selector":"#anim-37780674-281e-4c1c-aa36-f015407224fe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.874999829338595%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Student loan repayments and other upcoming factors could slow down the economy.

[{"selector":"#anim-220a7972-494a-4205-9d51-211c03859c87 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(6.625976299308116%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Concerns over inflation and global instability previously led to recession worries.

[{"selector":"#anim-d061df7e-5257-44c6-9e0a-abc9f662486e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.862366765587077%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

For more such interesting stuff, click on the link given below

[{"selector":"#anim-f2a271bd-463d-49d8-b0df-9fcd688211c7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] SWIPE UP