The latest government economic revision shows the U.S. economy was growing at a much stronger clip this spring than previously realized, powered by consumer spending

Core Insights - The gross domestic product (GDP) grew at a 3.8% annual rate for the period from April to June, an increase from the previous estimate of 3.3% due to higher consumer spending [1] Economic Performance - The upward revision in GDP growth indicates a stronger economic performance than initially anticipated, reflecting robust consumer spending trends [1]