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Surging Economy at Odds With Consumer Gloom as Trump’s Policies Fuel Growth

This past year is one of the blockbusters in American economic history, with incomes rising almost twice as fast as inflation.

President Trump and Treasury Secretary Scott Bessent at the Oval Office, September 5, 2025
President Trump and Treasury Secretary Scott Bessent at the Oval Office, September 5, 2025 Kevin Dietsch/Getty Images