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- US real GDP increased at an annualized rate of 2.8% in the second quarter, way above the 2.0% forecast.
- That growth is also hotter than the first quarter's 1.4%.
- The Fed will meet next week, but rate cuts probably won't happen yet.
A new Bureau of Economic Analysis report said the advance estimate for US GDP growth in the second quarter was 2.8% at an annualized rate.
That's way more than the 2.0% forecast noted on Investing.com and the 1.4% growth in the first quarter.