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Economy Surges Amid AI Boom and Trade Trade-offs | Burlington News
Description
The U.S. economy roared back with a 3.9% annual growth surge in the latest quarter, fueled by a rebounding consumer and strong business investment—especially in AI. While imports jumped to support tech infrastructure, they slightly undercut GDP gains. Inflation cooled slightly, helping the Fed hold rates steady for the fifth straight meeting, even as some members pushed for hikes. Job growth surged to 92K per month, giving consumers the confidence to spend—and keeping the engine running strong despite global headwinds.
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