U.S. Economy Defies Expectations: GDP Grows 2.8% in Q2 The U.S. economy showed unexpected resilience in the second quarter of 2024, with GDP growing at 2.8%, surpassing economists’ expectations and accelerating from the first quarter’s 1.4% growth. This robust performance comes despite high interest rates and persistent inflation, and amidst a heated political debate about the economy’s health. While President Biden touts these figures as evidence of economic strength, nearly three in five Americans incorrectly believe the country is in a recession. The Federal Reserve is now considering when to start cutting interest rates as inflation shows signs of cooling towards their 2% target. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Are Gold ETFs Backed By Physical Gold? READ MORE Gold's Rise: LBMA London Gold Price Sets New Record as Year Ends READ MORE Markets on Edge: Continuing Coverage of Regional Banking Crisis READ MORE Powell Hints at September Rate Reduction if Inflation Eases READ MORE Powell Signals Rate Cuts Possible to Bolster Employment Amid Inflation READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment