The US economy expanded more than
previously estimated in the second quarter on stronger consumer spending and
construction, backing the case for an interest rate rise before the end of the
year despite data sounding a note of caution for September.
The Commerce Department said on Friday gross domestic product rose at a 3.9 percent annual pace in the April-June quarter, up from the 3.7 percent pace reported last month.
The Commerce Department said on Friday gross domestic product rose at a 3.9 percent annual pace in the April-June quarter, up from the 3.7 percent pace reported last month.
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