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January–May profits climbed 18.8% year over year, led by electronics makers, while automakers and furniture producers logged declines.
Bessent said U.S. GDP can return to 3% this year, but first-quarter growth was 1.6% after 0.5% in the prior quarter.
Bessent said U.S. growth could return to 3% this year after GDP rose 1.6% in the first quarter following 0.5% growth in the fourth quarter of 2025.