U.S. Economy Expanded in Second Quarter

Washington Post: “The U.S. on Thursday will release growth figures for the months between April and June, providing a read on the direction of the economy following a contracting in the first quarter.”

“Economists expect that the nation’s gross domestic product grew at an annual rate of 2.5 percent in the second quarter.”

“The Federal Reserve had signaled on Wednesday that it could soon raise interest rates for the first time in nearly seven years, and Thursday’s data will likely influence the decision.”