The U.S. economy expanded at a 3% annualized pace in the first quarter, according to the Commerce Department's final estimate. The reading suggests the economy began the year on firmer footing than some earlier data had indicated.

Strong consumer spending helped drive the revision, underscoring the continued resilience of household demand despite higher borrowing costs and lingering inflation pressures. Consumer activity remains a key support for growth in the world's largest economy.

The final GDP figure offers a fuller picture of first-quarter performance after earlier revisions. Economists often watch these updates closely because they help clarify the strength of underlying demand and the likely path for growth in coming quarters.

While the latest number points to solid expansion, analysts will still be looking for signs of whether consumer momentum can hold through the rest of the year as monetary policy, prices, and labor market conditions continue to shape the outlook.