The U.S. economy grew at a 2.4% annualized rate in the second quarter, according to the latest Reuters report, topping analysts’ expectations. The reading suggests the economy maintained momentum even as higher borrowing costs and uneven global conditions continued to weigh on growth.

Consumer spending played a major role in the expansion, while business investment also added support. Together, those components helped offset some of the drag from tighter financial conditions and lingering uncertainty in the broader economy.

The stronger-than-expected GDP figure may ease fears of a sharper slowdown, though it does not eliminate concerns about inflation, interest rates, and the durability of demand in the months ahead. Economists will be watching upcoming data closely to see whether the pace of growth can hold.

The report adds another sign that the U.S. economy remains resilient, even as households and companies continue to adjust to a challenging policy environment.