✉news BusinessEconomy first seen 7 h ago, last 17 min ago, peak #2
US economy grew 2.2% in second quarter, revised estimate shows
Original: U.S. economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate
The US government has revised its estimate of second-quarter economic growth upward to 2.2%, an upgrade from the previously reported figure. The revised data from the Commerce Department indicates the economy expanded at a solid pace, defying expectations of a slowdown. Commentators are weighing what the stronger growth means for inflation, interest rate decisions, and recession fears.
Why now: Fresh government data revising US growth upward is fueling debate about the economy's resilience and the Federal Reserve's next moves
United StatesCommerce DepartmentFederal Reserve
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Evidence
- U.S. economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate · PBS
- U.S. economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate · PBS
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