The United States economy grew at an annual rate of 3.8% in the second quarter of the year, significantly outpacing the earlier projected figure. This robust expansion reflects stronger-than-expected consumer spending, increased business investment, and a rebound in exports. The revised data, released by the Bureau of Economic Analysis, indicates that inflation pressures may be moderating while labor market resilience continues to support demand. Economists suggest the performance could influence the Federal Reserve’s upcoming decisions on interest rates, potentially delaying further tightening. The upward revision highlights the economy’s ability to maintain momentum despite elevated borrowing costs and global uncertainties. Analysts now anticipate a more optimistic outlook for full-year growth compared to earlier projections.
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US economy grew 3.8% in 2nd quarter, far exceeding previous estimate – AOL.com
US economy grew 3.8% in 2nd quarter, far exceeding previous estimate AOL.com