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submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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Gross domestic product rose at a 2.4% annualized pace in the second quarter, topping the 2% estimate.

Consumer spending powered the solid quarter, aided by increases in nonresidential fixed investment, government spending and inventory growth.

A Commerce Department inflation gauge increased 2.6%, down from a 4.1% rise in Q1 and well below the estimate for a gain of 3.2%.

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[–] [email protected] 7 points 1 year ago

All good news. Let us see if the Democratic party capitalize from all this positive economic news.