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U.S. second-quarter GDP gains speed on consumer spending

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30 Jul 2015 14:37 #265813 by chairman
U.S. economic growth accelerated in the second quarter as a pick-up in consumer spending offset the drag from soft business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a 2.3 percent annual rate, the Commerce Department said on Thursday.
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