US Q2 GDP Revised Up to 2.2 Percent
The US economy grew at a 2.2 percent annualized rate in the second quarter, revised higher due to strong consumer spending and business investment in AI infrastructure.
The United States economy grew at a 2.2% annualized rate in the second quarter, revised up from 1.5% on robust consumer spending. This compares to a 2.5% expansion in the first three months of the year, according to the Commerce Department. The upward revision highlights resilient domestic demand despite inflation headwinds and geopolitical conflicts involving Israel and Iran.
