Tag: Economic Resilience

By Brianna Lyman | The Federalist For all the media’s breathless warnings and dire forecasts, the numbers show the economy isn’t collapsing under Trump’s tariffs. Better than expected,” CNBC’s Rick Santelli announced Wednesday morning as fresh data revealed the economy grew at a three percent rate in the second quarter. Data from the Commerce Department shows the U.S. economy expanded at an annual rate of three percent from April through June, surpassing economists’ forecast of approximately two percent growth. Inflation also continues to cool, with the annual rate of inflation at 2.1 percent in the second quarter, compared to 3.7 percent in the first. As CNBC’s Jeff Cox reported, the growth is “powered by a turnaround in the trade balance and renewed consumer strength.” And as...