U.S. economic growth accelerates in 2nd quarter

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Published 2024-07-25
The Commerce Department says the nation's gross domestic product, or GDP, rose at an annual rate of 2.8% from April through June. That's more than the 1.9% rate economists had expected for the second quarter. Jeff Stein, White House economics reporter for The Washington Post, joins CBS News to explain what the GDP growth says about the economy, and how the Federal Reserve could read the data.

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All Comments (21)
  • @MissJIF
    Our nation is doing well! But individuals are seeing increases in credit card interests and rents. We're getting gouged by Big Business
  • @LOTUG98
    This gotta be just for rich people. The average joe is dying from being broke
  • @tomdrummy4984
    Government over spending counts on GDP……….and consumers are spending more because everything cost more. You’re welcome 🙂
  • @SpanishKnight1
    Government spending up 4%, including defense spending up over 5%
  • @deadname...
    Inflation at 2.97%, is still outpacing economic growth.
  • @shoelessb4515
    GDP ? Foreign policy ? Harris clear and cogent.? Sanctions. ? Got nothing out of this.
  • @JH-te1ct
    Thanks Biden! 🇺🇸
  • Grocery bills will never go back down as well as other merchandise. Big corporations are use to their high dollar they are getting. Greed over poverty for them
  • @RiDankulous
    Time to lower interest rates, right right it’s funny. Every time an article is shown or a video regarding the economy. Is this the time that they’ll start lowering interest rates? Don’t matter what matters is affordability of housing for Americans. That’s not getting fixed. For the record on pro Harris for very important reasons obviously
  • Everyone spending MORE of course it LOOks like things are going good while the actually PEOPLE are suffering amazing
  • @khon6339
    what's going w/ the a.i race tech company was it all a dream all along
  • @dons3073
    More jobs won’t help and you know it funny news man