While you were sleeping US growth excels

Thu, 29 Aug 2013

By Margreet Dietz Aug 30 (BusinessDesk) - Wall Street gained as the US economy grew more than expected in the second quarter, bolstering expectations that the Federal Reserve will start easing its monetary stimulus as the pace of the recovery gathers steam. US gross domestic product increased at a 2.5 percent annualised pace in the second quarter, up from an initial estimate of 1.7 percent, according to Commerce Department data. It exceeded the 2.2 percent rate predicted by economists polled by Reuters and Bloomberg News. “The economy is doi...

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