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US economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes

Por: The Hill Politics July 29, 2023

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WASHINGTON (AP) — The U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight to bring down inflation. Thursday’s estimate from the Commerce Department indicated that the gross domestic product — the economy’s total output of goods and services — picked up from the 2%... + full article



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