U.S. Economy Grew 2.2% in Second Quarter, Revised Higher as Consumer Spending Held Firm
The U.S. economy expanded at a 2.2% annual pace in the second quarter, the government said Thursday, revising its earlier estimate higher and underscoring the resilience of household demand. The upgrade reinforces the view that growth remained solid even as higher borrowing costs and persistent inflation continued to weigh on parts of the economy.
