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 Fed Considers Careful Step Back from Quantitative Tightening READ MORE Fed's Dot Plot to Reveal Insights on Potential Rate Cuts READ MORE Mortgage Rates Hit 16-Month Low as Fed Signals Rate Cuts READ MORE The TRUTH About Costco Gold Bars READ MORE Historic $72 Million Coin Auction Set a Century After Magnate's Will READ MORE Add a Comment Cancel replyYour email address will not be published.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