NEWSNATIONNOW (PAUL WISEMAN, Associated Press) - US economy expands at sluggish 1.5% pace in second quarter
The reason for the lackluster growth number was imports.
The reason for the lackluster growth number was imports.
The Fed on Wednesday chose to leave its benchmark interest rate unchanged for the fifth straight meeting.
Economists forecasted GDP rising at a 2.1% pace.
Growth in U.S. gross domestic product came in below economists' expectations.
The U.S. economy is expected to have slowed slightly in the second quarter.
The company's revenue in the second quarter was $48.03 billion versus the expected $47.01 billion, and its earnings per share was an adjusted $3.57 versus an expected $3.20.
Economic growth of 4.3 percent in the second quarter, versus the same period last year, reflected a broad slump outside of the country’s export-oriented manufacturing might.