GDP increased in the second quarter after slipping earlier this year

GDP increased in the second quarter after slipping earlier this year

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Investors are waiting for the main economic data



Investors are waiting for the new major economic data, interest rate decision

03:36

The US economy increased between April and June after its shrinking in the first three months of the year, driven by a major transformation of imports related to President Trump’s commercial policies.

In numbers

The Ministry of Commerce said on Wednesday that the country’s gross domestic product increased by an annual rate of 3 % in the second quarter. GDP is expected to grow at a rate of 2 % for a period from April to June, according to the economists included in FactSet FIRMSET.

This is a developing story and will be updated

Mary Keningham

Mary Caningham is a correspondent for CBS Moneywatch. Before joining business and financing, I worked in “60 minutes”, CBSNews.com and CBS News 24/7 as part of the Associa CBS News.

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