A key measure of the economy's health showed a dramatic pickup, which President Trump called "amazing." But some analysts doubt the higher growth rate will last.
President Trump is eager to tout a fast-growing economy, boosted by the tax cuts he pushed through Congress. That makes Friday's report on gross domestic product a highly anticipated news event.
A handful of experts are pointing to business uncertainty and a few financial and economic indicators as signs of a possible recession on the horizon. But jobs and the economy are still growing.
Consumers didn't keep up with the blistering pace of spending, which meant slower economic growth. But recently, growth has tended to pick up momentum later in the year.
The Commerce Department revises its growth estimate upward to 2.9 percent for the fourth quarter. Consumer spending helped fuel the faster pace, but import purchases subtracted from growth.
The U.S. economy expanded at a decent pace in the final months of 2017. But most economists had been expecting stronger growth. This dashed hopes for three straight quarters of growth above 3 percent.
Shaping our lives around fulfilling social, intellectual and creative potential — keys to happiness — is more compatible with sustainability than pursuing unlimited wealth, says author Randall Curren.
A poll found that 38 economists agree the GOP tax plan will not pay for itself through growth. In fact, they're doubtful that growth will happen anyway.
The economy staged a comeback from a tepid first quarter, but still fell short of the turbo-charged 3 percent growth rate promised by the Trump administration.
President Trump's proposed budget released Tuesday rests on a key assumption: The economy will grow much faster than it has in recent years — and at a more robust pace than most analysts predict.