GDP GDP

A shopper makes a purchase at the J.C. Penney store in North Riverside, Ill., Nov. 17. U.S. consumer spending grew in the fourth quarter at its fastest pace in three years. Kamil Krzaczynski/Reuters hide caption

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Kamil Krzaczynski/Reuters

European Union and U.K. Union Jack flags hang at a meeting for U.K. citizens living in Germany to discuss the implications of the proposed "Brexit" from the EU. Adam Berry/Getty Images hide caption

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Adam Berry/Getty Images

Jason Furman, chairman of the White House Council of Economic Advisers, said consumers generally haven't been using the savings from lower gasoline prices to spend on other things. Justin Sullivan/Getty Images hide caption

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Justin Sullivan/Getty Images