US economy regains speed in second quarter; price pressures easing. The U.S. economy grew faster than expected in the second quarter amid solid gains in consumer spending and business investment, but inflation pressures subsided, leaving intact expectations of a September interest rate cut from the Federal Reserve.
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✓ Second-quarter GDP increases at a 2.8% rate

✓ Consumer, business spending, inventories add to GDP

✓ Trade, residential investment subtract from growth

✓ Core PCE price index rises at 2.9% rate