Gross domestic investment soared by 22%. This is the highest in four years and comes as businesses and consumers — bolstered by rising take-home pay — fuel an economic boom.
Monthly indicators, which capture growth trends at a much higher frequency, all point to accelerating growth AFTER President Trump took office. Private employment gains, consumer spending, capital investment, and aggregate hours worked have all accelerated since January, while inflation has decelerated.
An unprecedented surge in imports due to tariff frontrunning contributed to most of the decline.
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