U.S. GDP Surges 2.8% in Q2, Outpacing Expectations as Inflation Eases The U.S. economy grew at an annualized rate of 2.8% in the second quarter, surpassing economists’ expectations of 2% and improving from the first quarter’s revised 1.4% growth. This stronger-than-anticipated performance, coupled with easing inflation, suggests a robust economic outlook for the period. However, economists like Oren Klachkin of Nationwide predict this may be the best quarter of the year, with future growth likely to cool as consumer spending and business investments slow. The data has prompted speculation on when the Federal Reserve might start cutting interest rates, with markets anticipating a possible rate cut by the end of September. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts US Labor Market Shows Signs of Cooling as Hiring Pace Moderates READ MORE Gold Shines: Analysts Project $2,700 Target by Year-End READ MORE Gold Prices Stabilize as Focus Turns to Upcoming US Economic Indicators READ MORE BloxCross CEO Keith Bliss Favors Copper in Commodities Showdown READ MORE Anticipation Builds for Potential Fed Rate Cuts in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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