AURORA, COLORADO – AUGUST 17: A general view of the atmosphere as Nordstrom Rack opens a new store on August 17, 2023 in Aurora, Colorado. (Photo by Tom Cooper/Getty Images for Nordstrom Rack) Washington, DC CNN —
The US economy grew more slowly in the second quarter than previously estimated — a good sign for the Federal Reserve, which is attempting to cool demand to bring down price increases.
Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 2.1% in the second quarter, according to the Commerce Department’s second estimate, released Wednesday morning. That’s a […]
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