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.

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.

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.

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.

An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth.

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.

Recent polling shows President Donald Trump’s second-term strengths look different from his first. His approval was once strengthened by economic issues, but it's now tepid on that front.

U.S. consumer spending increased slightly more than expected in August as households went on vacation and dined out, keeping the economy on solid ground as the third quarter progressed, while inflation continued to steadily pick up.