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WEKU
WEKU
Alina Selyukh

What recession? It's a summer of splurging, profits and girl power

The numbers are in and the economy is booming. Thank summer travel, high spending and the Barbie bump (Photo by Ian Waldie/Getty Images) (Ian Waldie/Getty Images)

The numbers are in and things look surprisingly rosy for the U.S. economy:

The Federal Reserve is still cautious, but big brands – including Coca-Cola, Hilton and Visa — are singing praises to shoppers seemingly undeterred by companies' raising prices. What's more, Taylor Swift, Beyoncé and Barbie are enticing people to part with their money, bolstering local businesses.

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