BREAKING NEWS: U.S. Economy Grows at 1.2% Pace in 2Q

The first reading on second-quarter gross domestic product showed the U.S. economy grew at an annualized pace of 1.2%, up from the first-quarter's revised rate of 0.8%, according to the Commerce Department. Economists had forecast an increase to a growth rate of 2.6% for the world's biggest economy.





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