US Economy Expanded 2.8 Percent in 2nd Quarter, Fueled by Consumer Spending

By Andrew Moran The U.S. economy continued to expand in the second quarter, topping economists’ expectations and shrugging off the Federal Reserve’s 23-year high interest rates. According to the advanced estimate from the Bureau of Economic Analysis (BEA) on July 25, the U.S. economy grew at an annualized pace of 2.8 percent in the April–June […]