Stay updated with breaking news from Christopher Rupkey. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Though consumer spending growth decelerated last quarter, that was partly blamed on difficulties adjusting the data for seasonal fluctuations following a surge in the first quarter.
(CTN News) - It appears that the U.S. inflation economy grew faster than expected in the second quarter due to labor market resilience and..........
WASHINGTON — The U.S. economy grew faster than expected in the second quarter as labor market resilience supported consumer spending, while businesses boosted investment in equipment, potentially keeping a much-feared
Gross domestic product increased at a 2.4% annualized rate last quarter. The economy grew at a 2.0% pace in the January-March quarter
Data shows sustained strength in domestic demand while inflation subsided considerably last quarter.