For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

The US economy is still a giant version of the little engine that could, chugging along faster than nearly anyone expected.

On Thursday, just a day after Chairman Jerome Powell said the Fed no longer projects a recession, Commerce Department data showed that national GDP grew at a 2.4% rate year-over-year in the second quarter, outpacing most analyst expectations. I think I can, I think I can, I think I can... buy this thing, says the still-spending American consumer.

Continue reading

Source Fool.com