The pace of growth of the U.S. economy picked up in the spring despite the Federal Reserve’s attempt to slow things down. Gross domestic product rose at a 2.4 percent annualized rate in the April through June period, the government said
The pace of growth of the U.S. economy picked up in the spring despite the Federal Reserve’s attempt to slow things down.
Gross domestic product rose at a 2.4 percent annualized rate in the April through June period, the government said Thursday. Economists had been expecting a much slower 1.5 percent increase after the year started at 2 percent growth rate.
The personal consumption expenditures price index rose by a mild 2.6 percent, down from a 4.1 percent rise in the first quarter. Economists had forecast an increase of 3.2 percent.
