US economy beats growth expectations in Q2
==========
The US economy grew 2.8% in Q2, surpassing expectations of 1.9% growth; The growth was driven by consumer spending and inventory building; Sectors like manufacturing and housing have been struggling due to high interest rates; Consumption has remained strong due to a robust labor market and wage growth; President Joe Biden has struggled to address concerns about rising costs of living; Unemployment has been edging up, but it is due to entrances into the job market rather than layoffs; The US Federal Reserve may consider cutting rates in September to avoid weakening employment growth and the economy.
#UsEconomicGrowth
https://www.newagebd.net/post/economy/240838/us-economy-beats-growth-expectations-in-q2
newagebd.net /
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2024-07-25 20:39:55
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2024-07-25 20:39:55Event JSON
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"content": "US economy beats growth expectations in Q2\n==========\n\nThe US economy grew 2.8% in Q2, surpassing expectations of 1.9% growth; The growth was driven by consumer spending and inventory building; Sectors like manufacturing and housing have been struggling due to high interest rates; Consumption has remained strong due to a robust labor market and wage growth; President Joe Biden has struggled to address concerns about rising costs of living; Unemployment has been edging up, but it is due to entrances into the job market rather than layoffs; The US Federal Reserve may consider cutting rates in September to avoid weakening employment growth and the economy.\n\n#UsEconomicGrowth\n\nhttps://www.newagebd.net/post/economy/240838/us-economy-beats-growth-expectations-in-q2",
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