U.S. economy grew 2.8% in the second quarter, a robust strengthening

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1. The U.S. economy grew at a robust 2.8 percent annualized rate in the second quarter, capping two years of solid expansion, despite some signs of softening.

   Gross domestic product for the quarter ending in June was double the 1.4 percent reading in the previous quarter, but reflects a general cool-down from last year’s brisk pace, according to Commerce Department data released Thursday morning.

   “The economy has been growing gangbusters over the last several years, but now it’s settling back into a more normal pattern,” said Ryan Sweet, chief U.S. economist at Oxford Economics. “We are in a period of transition.”

   Read more here: [https://www.washingtonpost.com/business/2024/07/25/gdp-q2-economy/?utm_campaign=wp_main&utm_medium=social&utm_source=reddit.com](https://www.washingtonpost.com/business/2024/07/25/gdp-q2-economy/?utm_campaign=wp_main&utm_medium=social&utm_source=reddit.com)

2. Add GDP to inflation and jobs as the list of corrupted economic metrics grows.

3. Honestly the economy has performed amazing over past few years. It has defied all expectations. Also with rates currently higher we have a lot of slack in feds tool kit so aside from a covid style Black Swan event we are actually in great shape.