AI Boosts Growth, But Imports Pull Back | Virginia Beach News

The U.S. economy surged in the last quarter with a 3.9% GDP growth, fueled by a massive 8.4% jump in business AI spending — even as imports spiked 11.5%, pulling growth down by 1.5%. Consumers powered the quarter despite inflation, thanks to a resilient job market and rising hiring. Core inflation held steady at 3.3%, while overall prices dipped slightly due to falling gas prices. The Fed kept rates unchanged for the fifth straight meeting, though some members pushed for higher rates — all while global tensions and energy spikes loomed. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/897873a8173df72c