The U-S economy grew faster than expected in the second quarter. The latest numbers from the Commerce Department show an unexpected 2-point-4-percent annual growth rate from April through June. Consumer spending slowed during the quarter, but business investment and state and local government spending grew faster. The report shows continued economic resilience in the face of […]
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U.S. economy grew faster than expected in second quarter
The U-S economy grew faster than expected in the second quarter. The latest numbers from the Commerce Department show an unexpected 2-point-4-percent annual growth rate from April through June. Consumer spending slowed during the quarter, but business investment and state and local government spending grew faster. The report shows continued economic resilience in the face of steadily higher interest rates.