✉news BusinessEconomy first seen 4 h ago, last 1 h ago, peak #10
US economy grew 2.2% in second quarter, sharply upgraded
Original: US economy grew at a solid 2.2% in the second quarter, government says in a sharp upgrade, on strong consumer spending
The US government sharply revised its estimate of second-quarter economic growth to 2.2%, up from earlier figures, citing strong consumer spending as the main driver. The upgrade points to a more resilient economy than previously thought, with household demand holding firm despite ongoing concerns about inflation and interest rates. Analysts are weighing what the stronger data means for the Federal Reserve's next policy moves.
Why now: The sharp upward revision to growth figures changes the picture of the US economy and expectations for interest rate policy.
United StatesUS economyFederal ReserveUS consumers
Rank over time, top of the chart is #1. 3 snapshots from 4 h ago to 1 h ago.
Evidence
- US economy grew at a solid 2.2% in the second quarter, government says in a sharp upgrade, on strong consumer spending · Yahoo Finance
- US economy grew at a solid 2.2% in the second quarter, government says in a sharp upgrade, on strong consumer spending · news8000.com
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