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Month: July 2023

The US economy grew stronger than expected in the second quarter, but consumers are pulling back

CNN By Bryan Mena, CNN Washington (CNN) — The US economy picked up steam in the second quarter despite punishing rate hikes and still-high inflation, the Commerce Department reported Thursday. Gross domestic product, the broadest measure of economic output, grew by an annualized, seasonally adjusted 2.4% rate in the April-through-June period. That was a faster

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