US Economy Booms 3% Amid Trade Tensions | JQJO

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.