The U.S. economy is running even hotter than previously thought, and GDP growth could reach 4% in Q3

(Credit: Charly Triballeau—AFP via Getty Images)

While some on Wall Street are worried about a recession, recent economic data show that GDP growth is actually speeding up faster than earlier numbers indicated.

On Thursday, second-quarter growth was revised even higher, to 3.8% from a prior reading of 3.3%, on robust consumer spending. That’s after a first-quarter dip that was driven by President Donald Trump’s trade war.