U.S. economic growth increased last quarter to a healthy 2.8% annual rate
==========
The U.S. economy grew at a strong 2.8% annual pace in the April-June quarter, exceeding expectations. Consumer spending rose at a 2.3% rate, while business investment increased, led by a 11.6% rise in equipment investment. Inflation eased but remained above the Federal Reserve's 2% target. The GDP report suggests a potential 'soft landing' for the economy, with the Fed likely to cut interest rates soon. The U.S. economy has cooled due to high borrowing rates, but the latest figures indicate a positive outlook.
#UsEconomy #EconomicGrowth #Gdp #Inflation #InterestRates #ConsumerSpending #BusinessInvestment #FederalReserve
https://www.latimes.com/business/story/2024-07-25/us-economic-growth-increased-last-quarter-to-a-healthy-2-8-annual-rate
Los Angeles Times /
npub1ka…ct50x
2024-07-25 14:32:43
Author Public Key
npub1kat3x50s05kl9v0lqxq5qsl0znf0eu2rwyeq4xyplj80ga740k9q9ct50xPublished at
2024-07-25 14:32:43Event JSON
{
"id": "7004fc9a6ea4e6cacf658f1f2e3ae6627b3c214f5cc27450f4f2219b8403e8e8",
"pubkey": "b7571351f07d2df2b1ff01814043ef14d2fcf14371320a9881fc8ef477d57d8a",
"created_at": 1721917963,
"kind": 1,
"tags": [],
"content": "U.S. economic growth increased last quarter to a healthy 2.8% annual rate\n==========\n\nThe U.S. economy grew at a strong 2.8% annual pace in the April-June quarter, exceeding expectations. Consumer spending rose at a 2.3% rate, while business investment increased, led by a 11.6% rise in equipment investment. Inflation eased but remained above the Federal Reserve's 2% target. The GDP report suggests a potential 'soft landing' for the economy, with the Fed likely to cut interest rates soon. The U.S. economy has cooled due to high borrowing rates, but the latest figures indicate a positive outlook.\n\n#UsEconomy #EconomicGrowth #Gdp #Inflation #InterestRates #ConsumerSpending #BusinessInvestment #FederalReserve\n\nhttps://www.latimes.com/business/story/2024-07-25/us-economic-growth-increased-last-quarter-to-a-healthy-2-8-annual-rate",
"sig": "8b74ff6db92a60bb257640debd80e611b039bd167765c9a6188f38a094f2696d536482af79fd969750a9f7b23368ea00236247be05435abff92aaba1bcb2c0a4"
}