NYSE President Lynn Martin discusses whether the Trump or Harris economic plan is better for markets on "Cavuto: Coast to Coast."
The U.S. economy expanded at an annual rate of 3% during the second quarter, aligning with economists’ forecasts, as indicated by the latest data from the Commerce Department’s Bureau of Economic Analysis.
Economists surveyed by LSEG had anticipated an annual growth rate of 3% for the second quarter, following an initial estimate of 2.8% released in July.
Additionally, the report adjusted the first-quarter GDP growth to 1.6%, up from the previous reading of 1.4%. This follows a 3.4% growth in the fourth quarter of 2023.
This is an ongoing story; further updates will be provided.