Greater Milwaukee Today | GMToday.com on Nostr: US economy expands at revised 3% rate on resilient consumer ========== The U.S. ...
US economy expands at revised 3% rate on resilient consumer
==========
The U.S. economy grew at a revised 3% annualized rate for Q2 2024, up from 2.8%, driven by a 2.9% increase in personal spending; initial unemployment claims were steady at 231,000; gross domestic income rose 1.3%; corporate pre-tax profits increased by 1.7%; inflation measured by the PCE price index rose 2.5%; Vice President Kamala Harris proposes tax increases on corporations, while Donald Trump advocates for tax cuts; the Federal Reserve plans to lower interest rates next month.
#UsEconomy #Gdp #ConsumerSpending #Inflation #Unemployment #CorporateProfits #FederalReserve #KamalaHarris #DonaldTrump #EconomicForecast
https://www.gmtoday.com/business/us-economy-expands-at-revised-3-rate-on-resilient-consumer/article_5044a690-6632-11ef-aa85-ff115c580d5b.html
==========
The U.S. economy grew at a revised 3% annualized rate for Q2 2024, up from 2.8%, driven by a 2.9% increase in personal spending; initial unemployment claims were steady at 231,000; gross domestic income rose 1.3%; corporate pre-tax profits increased by 1.7%; inflation measured by the PCE price index rose 2.5%; Vice President Kamala Harris proposes tax increases on corporations, while Donald Trump advocates for tax cuts; the Federal Reserve plans to lower interest rates next month.
#UsEconomy #Gdp #ConsumerSpending #Inflation #Unemployment #CorporateProfits #FederalReserve #KamalaHarris #DonaldTrump #EconomicForecast
https://www.gmtoday.com/business/us-economy-expands-at-revised-3-rate-on-resilient-consumer/article_5044a690-6632-11ef-aa85-ff115c580d5b.html