Reported about 24 hours ago
The US economy experienced a significant rebound in the second quarter, with GDP growth hitting an annualized rate of 3%, compared to a decline in the first quarter. However, underlying weaknesses, especially in consumer and business spending, raise concerns about future stability. While consumer spending increased to 1.4%, business investments dropped sharply. The Federal Reserve is cautious about adjusting interest rates amid this mixed economic performance.
Source: YAHOO