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The numbers: The U.S. economy expanded at an annual 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% annual 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.
Market reaction: Stocks
DJIA,
SPX,
were set to open lower Thursday after eking out small gains on Wednesday.
