
US Economy Surges 4.1% in Second Quarter
Analysts credit consumer spending, exports and business investment for boosting gross domestic product by nearly double the first quarter rate of 2.2 percent, marking the strongest growth since late 2014. Widely expected by economists, the impressive reading means the Federal Reserve will likely continue hiking short-term interest rates — though experts also warn the fast-track growth could be short-lived. “Personal consumption would need to keep up with this impressive pace to see a solid second half,” one analyst said.