US Economy Grows Most in a Year on Strong Spending, Investment

U.S. gross domestic product grew at its fastest pace in a year, driven by consumer spending and business investment. Kevin Gordon, head of macro research and investing at Schwab, said inflation is expected to remain elevated due to Middle East conflict and tariff effects. Gordon noted a disconnect between public economic sentiment and recent economic data.

• Bloomberg — US Economy Grows Most in a Year on Strong Spending, Investment

Next story