US economy grew at a faster pace than expected in second quarter
Commerce Department releases closely watched GDP data
Cheryl Casone hosts discussions on U.S. economic growth and the AI regulation debate. Treasury Secretary Scott Bessent predicts economic acceleration, while EJ Antoni analyzes inflation.
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.