KQED Nightly Business Report June 22, 2024
Activity, expanded at a rate of 3. 2 . Although the number wasnt as strong as many expected or as had hoped, consumer spending, which makes up the majority of the Economic Activity was strong. But even though the report was slightly below expectations, Steve Liesman tells us why it may be enough to seal the deal for a possible rate hike in september. Reporter the government saying today there was more growth than it first reported in the First Quarter and less growth than the market expected in the second leading to a bit stronger growth in the first half overall. First quarter gdp revised up ...