Economy Dashes Ahead at 5.3 Percent Pace

Look for the Democrat narrative of "Hoover economy" to be replaced by "Overheated economy spurring inflation"

WASHINGTON (AP) -- Emerging from a year-end rut, the economy dashed ahead in the opening quarter of this year at a 5.3 percent pace, the fastest in 2 1/2 years.

The new snapshot showed gross domestic product was even stronger during the January-to-March period than the 4.8 percent annual rate first estimated a month ago, the Commerce Department reported Thursday.