WASHINGTON U.S. economic growth likely accelerated in the second quarter as a pick-up in consumer spending and housing offset the drag from trade and the energy sector, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.
The government is expected to report on Thursday that gross domestic product increased at a 2.6 percent annual rate, according to a Reuters survey of economists.
09:46 UK manufacturing growth cools unexpectedly in November: PMI10
10:05 JPMorgan, HSBC, Credit Agricole Fined $521 Million Over Euribor9
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent15
13:41 Solid Job Growth Strengthens Prospect for a Fed Rate Increase11