US economy grows 3.7% in Q2, beating expectations

Source: CNBC
© Reuters
The economy of the United States expanded more than expected in the Q2 amid strong domestic demand, showing rather solid momentum that would still allow the Fed to raise its interest rates later this year. The official data showed that the country's GDP rose at an annualized rate of 3.7% in the second quarter, much higher than the forecasted rate of 3.2%, up from 2.3% growth recorded last month.
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