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+--- Thread: U.S. second-quarter GDP gains speed on consumer spending (/thread-26107.html)
U.S. second-quarter GDP gains speed on consumer spending - chairman - 07-30-2015
U.S. economic growth accelerated in the second quarter as a pick-up in consumer spending offset the drag from soft business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a 2.3 percent annual rate, the Commerce Department said on Thursday.