US economy grows at slower pace in second quarter despite strong consumer spending

Monday, August 1st 2016 - 13:16 UTC

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The United States economy grew at a much slower pace than expected in the second quarter and GDP was revised down in the first three months of the year. The world's largest economy grew at an annual rate of 1.2% in the three months to June, far below forecasts of 2.6%, Growth for the first quarter was revised down from 1.1% to 0.8%. Read full article

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ChrisR
The Fed don't have a clue what to do, do they?
Aug 01st, 2016 - 06:58 pm - Link - Report abuse 0
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