Rural Radio Network on Nostr: US economy grew much faster than expected in second quarter ========== The U.S. ...
US economy grew much faster than expected in second quarter
==========
The U.S. economy grew at a 2.8% annualized rate in the second quarter, doubling the rate of growth from the previous quarter. The growth was driven by a surge in consumer spending, including purchases of housing and cars. The strong performance defies concerns about a possible slowdown and the impact of high interest rates. However, the continued growth could complicate the path toward an expected interest rate cut from the Federal Reserve in September. The chances of an interest rate cut at the Fed's meeting in September stand at more than 80%.
#UsEconomy #Gdp #ConsumerSpending #InterestRates #FederalReserve
https://ruralradio.com/bull/abc_news/us-economy-grew-much-faster-than-expected-in-second-quarter-abcid0cb974eb/
==========
The U.S. economy grew at a 2.8% annualized rate in the second quarter, doubling the rate of growth from the previous quarter. The growth was driven by a surge in consumer spending, including purchases of housing and cars. The strong performance defies concerns about a possible slowdown and the impact of high interest rates. However, the continued growth could complicate the path toward an expected interest rate cut from the Federal Reserve in September. The chances of an interest rate cut at the Fed's meeting in September stand at more than 80%.
#UsEconomy #Gdp #ConsumerSpending #InterestRates #FederalReserve
https://ruralradio.com/bull/abc_news/us-economy-grew-much-faster-than-expected-in-second-quarter-abcid0cb974eb/