While you were sleeping: US growth surprises

Thu, 27 Aug 2015

By Margreet Dietz Aug. 28 (BusinessDesk) - Wall Street rose after a report showing the US economy grew more than expected, Chinese equities stemmed a five-day drop, and oil soared. A Commerce Department report showed US gross domestic product grew at a 3.7 percent annualised rate in the second quarter, upwardly revised from the 2.3 percent pace reported last month. The report came as the Federal Reserve's annual conference of central bankers, finance ministers, academics and financial market participants began, in Jackson Hole, Wyomin...

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