US Economy Accelerates with 3.8% Growth in Q2
TL;DR Summary
Weekly US jobless claims unexpectedly declined while Q2 GDP was revised upwards to 3.8%, indicating economic resilience. The Federal Reserve is weighing further rate cuts amid mixed signals on employment and inflation, with debates ongoing about the pace of future easing. Stock markets reacted negatively to the data, and investors are now focusing on upcoming inflation reports.
Topics:business#economic-resilience#economy#federal-reserve#gdp-revision#interest-rates#us-jobless-claims
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- US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth The Hill
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