( ) -q-23- UNDATED (Correspondent Jeremy House) “pace of growth.” The nation’s economy accelerated last quarter at a 2.8% annual pace. [CutID: <Cuts> GDP-house-q-THUam.mp3 Time: 23s Title: GDP-house-q-THUam Out-cue: pace of growth] TAG: Correspondent Jeremy House reporting. Despite last quarter’s uptick, the U.S. economy, the world’s largest, has cooled in the face of the highest […]
Audio
Economic growth increased last quarter to a healthy 2.8% annual rate
( ) -q-23- UNDATED (Correspondent Jeremy House) “pace of growth.”
The nation’s economy accelerated last quarter at a 2.8% annual pace.
[CutID: <Cuts> GDP-house-q-THUam.mp3
Time: 23s
Title: GDP-house-q-THUam
Out-cue: pace of growth]
TAG: Correspondent Jeremy House reporting. Despite last quarter’s uptick, the U.S. economy, the world’s largest, has cooled in the face of the highest borrowing rates in decades, engineered by the Federal Reserve to fight high inflation.
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VERBATIM: Consumers and businesses helped drive growth despite the pressure of continually high interest rates. The gross domestic product picked up in the April-to-June quarter after growing at a 1.4% pace in the January-to-March period. Growth last quarter also picked up because businesses increased their inventories. Economists had expected a weaker 1.9% annual pace of growth.