The numbers: The U.S. economy expanded at an annualized 6.4% pace in the first quarter unrevised from the prior estimate released last month, the Commerce Department said Thursday.
Economists polled by the Wall Street Journal were expecting a 6.6% rate.
While consumer spending was revised higher, this was offset in part by stronger import growth, the government said.
Big picture: Looking ahead, economists predict GDP will grow at an 8.2% annualized rate in the second quarter.
JP Morgan Chase & Co CEO
Jamie Dimon said Wednesday he thinks that the strength in the U.S. economy can last into 2023.
What happened: The price index for GDP rose 4.1% in the first quarter, the fastest pace since 1990.
Consumer spending was revised up to an 11% gain in the first three months of the year from the initial estimate of a 10.7% increase.
Adjusted pre-tax corporate profits were flat…