“U.S. economy grew at a 2.8% pace in the second quarter, much more than expected”
July 25, 2024
“…Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for growth of 2.1% following a 1.4% increase in the first quarter.
Consumer spending helped propel the growth number higher, as did contributions from private inventory investment and nonresidential fixed investment…”