From inflation to mortgage rates: What moved US economy's report card this week

US economic growth surprised on the upside, while job losses remained low. However, persistent inflation, fueled by rising fuel and electronics costs, is squeezing consumers. Despite a slowdown in spending, businesses are investing heavily in AI, leading to price hikes on tech products like Apple's Macs and iPads. Mortgage rates also saw a slight increase, adding to financial pressures.

By TOI BUSINESS DESK