US Economy Grew Faster in Second Quarter, New Estimate Shows

Consumer spending, growth in AI add to GDP revision

The U.S. economy grew at a faster pace than previously thought in the second quarter, helped by healthy consumer spending and signs of spending on the booming AI sector.

Gross domestic product expanded at a seasonally and inflation-adjusted annual rate of 3.3% in the quarter, the Commerce Department said in an updated estimate Thursday. The department had previously said the economy grew by 3%. The economy's growth reflected in part a drop in...

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