U.S. economy rebounds in the second quarter

A worker places lumber into machinery at the QubicaAMF Bowling Worldwide facility in Lowville, N.Y., in March. (Luke Sharrett/Bloomberg)

The country’s gross domestic product grew 2.6 percent at an annualized pace, the Commerce Department said Friday.The U.S. economy rebounded strongly between April and June, government data showed Friday morning, as businesses invested more and consumers shelled out for furniture, washing machines and other goods.

The country’s gross domestic product, a broad measure of economic activity, grew 2.6 percent at an annualized pace in the second quarter of 2017, the Commerce Department said. Yet measures of inflation remained weak, casting more doubt on the Federal Reserve’s plan to continue steadily raising interest rates.

Source: U.S. economy rebounds in the second quarter