US Economy Grows in Q2 Amid Tariff Challenges
TL;DR Summary
A new US GDP report suggests the economy has grown at a 2.3% annualized rate in the second quarter, defying fears of a tariff-induced slowdown, with resilient consumer spending and a low unemployment rate, while the impact of tariffs on trade and imports complicates the overall picture. The Federal Reserve is expected to keep interest rates steady amid these mixed signals.
- US economy expected to have grown as Trump's tariffs took hold ABC News
- 'Huge week' of economic data set to test Trump's tariffs ABC News
- U.S. economy is growing, but momentum may not last The Washington Post
- US economic growth likely rebounded in Q2, but with weak underlying details Reuters
- Second-Quarter GDP Growth Will Look Good. Tariffs Complicate the Data. Barron's
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