American Economy Roaring: Q2 Numbers Shatter Expectations

The U.S. economy has yielded a second-quarter performance that has economists and critics alike scrambling to resubmit their estimates as numbers outlining growth, driven by robust consumer expenditures, private investment, and a stabilizing trade environment provide significant proof that America’s economic engine is running on all cylinders. The figures are in, and they’re nothing short of phenomenal; gross domestic product (GDP) surged at an annualized 2.4% rate, a dazzling turnaround from the first quarter’s modest 0.5% decline. Cue celebrations for the free-market principles and bold policies at play which are propelling [...]