US Economy Q2 Growth Revised Up to 3% on Strong Consumer and Business Activity The U.S. economy demonstrated robust growth in the second quarter of 2024, with the annual rate revised upward to 3% from the initial estimate of 2.8%. This significant improvement from the first quarter’s 1.4% growth was driven by strong consumer spending and business investment. The revision reflects a resilient economy despite high interest rates, with consumer spending increasing at a 2.9% annual rate and business investment expanding at 7.5%. The report also indicates a continued easing of inflation, with the PCE index showing a decrease from the previous quarter. This positive economic performance comes at a crucial time, as it may influence voter sentiment ahead of the November presidential election. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Junk Bonds Surge Amid Broad Market Rally and Investor Optimism READ MORE Gold Poised for Third Quarterly Gain as Investors Await US Inflation Data READ MORE Record Start to 2024: Companies Ramp Up Share Repurchases READ MORE China's Gold Imports Skyrocket as Middle Class Seeks Stability READ MORE Gold's Unprecedented Surge: Beyond Geopolitical Turmoil READ MORE Add a Comment Cancel replyYour email address will not be published.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