Washington — President Trump frequently touts a U.S. economy that's on the rise under his stewardship: he talks about energy and grocery prices that are falling, lower mortgage rates and claims he's vanquished inflation. He argues things have never been better for the American consumer, especially after predecessor Joe Biden's administration.

Revised GDP data from the Commerce Department puts second-quarter economic growth at 3.8%. That could complicate things for the Federal Reserve, which tends to cut rates when the economy is struggling.

Wealthy Americans may not be able to power the economy with spending as much as some people think, BCA Research says.

The U.S. economy expanded at a surprising 3.8% from April through June in a dramatic upgrade of the government's previous estimate of second-quarter growth.

The U.S. economy grew at an annualized rate of 3.8% in the second quarter in the government's final estimate, besting a 3.3% rate issued in its second estimate and far exceeding a 3% initial estimate.

The US economy grew in the second quarter at the fastest pace in nearly two years as the government revised up its previous estimate of consumer spending.

The U.S. economy's GDP grew at a 3.8% rate in the second quarter following the latest revision after the economy recorded a 0.5% contraction in the first quarter.

On September 24th last year China’s officials decided to engineer a rally in the moribund stockmarket. The central bank, flanked by financial regulators, cut interest rates and bank reserve requirements.

Speaking at the Labour conference, she says there is "nothing progressive" about the government using £1 in every £10 it has on debt interest.

Regardless of the reasons, the fact that consumers are still willing to spend is undoubtedly good news: America’s GDP is more than two-thirds comprised of consumer spending. As long as people keep shelling out, America’s massive and diverse economy will keep running just fine.