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 Gold Has Surged To New All-Time Highs READ MORE Bitcoin Faces Pressure but Rebound Hopes Remain, Says Grayscale Analyst READ MORE Gold's Rally Pauses As Market Consolidates READ MORE Silver Rally Stalls Amid Speculative Overload: What’s Next? READ MORE Fed's Rate Cut Dilemma: Market Braces for Potential Shock READ MORE Add a Comment Cancel replyYour email address will not be published.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