The economy slowed a bit -- but Americans continued to spend

The U.S. economy experienced a slight deceleration in the spring, with growth slowing to an annual rate of 1.5%, down from the previous quarter's pace. Despite this slowdown, consumer spending showed a significant uptick, indicating resilience in the face of economic challenges. This consumer confidence and spending behavior are crucial as they drive a large portion of the economy, suggesting that while growth may be cooling, the underlying consumer demand remains strong. This dynamic highlights the complexities of economic recovery and the potential for sustained consumer-driven growth.