Strength of U.S. economy will support global growth of 2.6% this year
Consumer spending also rose in the last quarter, but at a slower pace than previously thought
Median price of previously occupied homes rose 5.7% to $407,600 — the tenth straight increase and a record for April
The resilient strength of the job market and overall economy has kept inflation above the Fed’s 2% target
Global expansion being powered by unexpectedly strong growth in the U.S.
The unemployment rate has come in below 4% for 26 straight months
Growth has now topped 2% for six straight quarters, defying fears that high interest rates would lead to a recession
Statistics show that when companies roll out more efficient technology, their workers can become more productive
A growing share of business forecasters worry that the Fed is keeping rates unnecessarily high
The agency upgraded its growth forecast and now expects lower inflation