Hmmmm, wonder why?
Consumer spending up 4.0% is perfectly explainable....... With more Americans working and earning MORE, more Americans are spending.....
U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump
https://www.bloomberg.com/news/arti...-hits-4-1-fastest-since-2014-in-win-for-trump
The annualized rate of gains in gross domestic product was just shy of the 4.2 percent median forecast in a Bloomberg survey. It followed first-quarter growth of 2.2 percent that was revised from 2 percent, the Commerce Department reported Friday. Consumer spending grew 4 percent, more than estimated, while nonresidential business investment climbed at a 7.3 percent clip.
Consumer spending up 4.0% is perfectly explainable....... With more Americans working and earning MORE, more Americans are spending.....
U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump
https://www.bloomberg.com/news/arti...-hits-4-1-fastest-since-2014-in-win-for-trump
The annualized rate of gains in gross domestic product was just shy of the 4.2 percent median forecast in a Bloomberg survey. It followed first-quarter growth of 2.2 percent that was revised from 2 percent, the Commerce Department reported Friday. Consumer spending grew 4 percent, more than estimated, while nonresidential business investment climbed at a 7.3 percent clip.
