Read, Watch or Listen

The U.S. economy surged 3% in the second quarter, exceeding expectations of 2.3%. This growth stemmed from a positive trade balance shift and stronger consumer spending. Improved consumer spending (up 1.4%) and a significant drop in imports (down 30.3%) following a surge in Q1 contributed to the increase. Despite ongoing trade negotiations and tariffs, the economy showed broad strength, although inflation remains slightly above the Federal Reserve's target.

Prepared by Christopher Adams and reviewed by editorial team.