✉news BusinessEconomy first seen 13 h ago, last 1 h 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 U.S. Commerce Department revised its second-quarter growth estimate upward to 2.2%, an upgrade from the previously reported figure. The revised data points to a resilient American economy, with solid expansion continuing despite high interest rates. Economists are watching whether the momentum holds as inflation cools and the Federal Reserve weighs further rate decisions.
Why now: The government released an upgraded GDP estimate showing stronger-than-previously-reported growth.
United StatesU.S. Commerce 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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