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 The Risks of Gold and Silver ETF's vs. Physical Metals READ MORE Zimbabwe's Leadership Change Failing to Revitalize Its Troubled Economy READ MORE Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week READ MORE TSX Futures Stagnate as Investors Weigh Gold Decline Against Fed Signals READ MORE Fed's Focus Shifts: Slowing Quantitative Tightening is Key READ MORE Add a Comment Cancel replyYour email address will not be published.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