Economy Grew Faster Than Expected Last Quarter

“Economic activity in the U.S. was considerably stronger than expected during the second quarter,” CNBC reports.

“Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for growth of 2.1% following a 1.4% increase in the first quarter.”