Red Hot US Economy Has Consumers To Thank.

American Consumers continue to fuel the rapidly expanding post pandemic economy. (Washington Post)

“The U.S. economy probably grew at a brisk pace in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

Fresh government data this morning is expected to show that the economy expanded by 2.7 percent last year, according to economists polled by Bloomberg News, a comparatively strong pace that matches gross domestic product figures notched most years leading into a presidential election year, going back four decades.”

— By Abha Bhattarai, 'Washington Post'

Consumers are shepherding the US Economy past the Covid Blues and beyond the constant drum beat from the media that a massive recession is right around the next corner. The economic rebound continues to overcome the hurdles in its way like supply chain problems, lagging economies in peer nations, and inflationary pressures. The leadership in the White house and the Federal Reserve continue to do an outstanding job, translating that into higher public approval however is another matter altogether.