The adjustments, which also show consumer spending grew even more between April and June, indicate the economy remains growing at a healthy pace, reinforcing the odds of the Fed cutting interest rates next month to blunt rising unemployment.
Bruce Crumley is a writer and associate editor who contributes to various publications including Inc. Australia, DroneDJ, and Inc. Magazine. With a diverse range of topics, Bruce covers subjects such as finance, technology, business, and current events. His articles provide insightful analysis and commentary on the latest trends and developments in these fields.