US Second-Quarter GDP Growth Shatters Estimates, Boosting Yields and the Dollar

SECOND-QUARTER USD GDP KEY POINTS: The U.S. economy grew at an annualized rate of 2.4% in the second quarter, well ahead of expectations of 1.8% Personal consumption expenditures, the main driver of economic activity, decelerated to 1.6%, but remained elevated by historical standards Better-than-expected data pushed U.S. Treasury yields higher, boosting the U.S. dollar Recommended