U.S. Economy Expands at 4.1% Q2

Big news on the financial front as the U.S. economy accelerated to a 4.1 percent pace of growth in the second quarter.

It represents the fastest pace since 2014.

This follows a first-quarter growth rate of 2.2 percent that was revised from 2 percent, the Commerce Department reported.

What’s more, consumer spending, which drives about two-thirds of GDP, grew 4 percent — which was more than estimated.

Next up for discussion is the Fed, which is expected to continue its gradual pace of interest-rate hikes, designed to keep the economy from overheating.

Category: Featured