This is a story about the final reading of second-quarter gross domestic product. Please check back for updates.
The U.S. economy grew at a stronger pace than expected in the second quarter, according to the Commerce Department’s estimate.
The Bureau of Economic Analysis (BEA) on Wednesday released its final reading of second-quarter GDP, which showed the economy grew at an annualized rate of 2.2% in the three-month period including April, May and June.
That figure topped the expectations of economists polled by LSEG, who had estimated 1.5% GDP growth in the second quarter.
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