Despite the nation's gross domestic product in the first quarter of the year moving higher than first thought growth, remains at its lowest level since the first quarter of 2015, according to a Commerce Department report released Friday. Yet a separate survey shows this has yet to damper consumers' feelings This broadest measure of the nation's economic performance, expanded at a 0.8% annual rate in the first three months of the year, less than a consensus estimate by Wall Street analysts, but better than the 0.5% GDP estimate of a month ago.
