4 Stocks to Boost Your Portfolio as Q2 GDP Grows at Solid Pace
Acme United(ACU) ZACKS·2024-07-29 12:55
The U.S. economy grew at a solid pace in the second quarter after slowing down in the first three months of the year. The Bureau of Economic Analysis said on Jul 25 that the U.S. GDP grew at an annualized rate of 2.8% in the second quarter, double the pace seen in the first quarter and above the consensus estimate of a rise of 2%.A jump in inflation in the first quarter, coupled with record-high interest rates, had raised concerns that economic expansion was in danger. However, the fears seem to have subsid ...