The growth of the US economy accelerated slightly in the spring compared to the first quarter.
(Photo: AP)
Washington US economic growth accelerated somewhat in the spring. Extrapolated second-quarter gross domestic product rose 6.6 percent, the Commerce Department announced Thursday in Washington in a second estimate. In the first estimate, a growth of 6.5 percent was identified.
Growth accelerated slightly compared to the first quarter. During this period the economy grew by a revised 6.3 percent. Experts polled by Reuters had now expected a value of 6.7 percent.
In light of the economic cycle returning to normal after the crisis, the US Federal Reserve is considering reducing its bond purchases. It still buys $120 billion in securities each month. Kansas City Central Bank District President Esther George would like to see buying decrease “sooner rather than later,” she told Fox.
The Federal Reserve district to which it belongs will host the Jackson Hole conference, which will appear online on Friday, as Federal Reserve CEO Jerome Powell. Financial markets are hoping for a clue about monetary policy, which is likely to tighten at the end of the year.
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more: US central bankers prefer to cut bond purchases before the end of the year
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