The Traderszone Network

Published in TZ Latest News 29 July, 2015 by The TZ Newswire Staff

U.S. second-quarter GDP seen rebounding on consumer spending, housing

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 upshift in growth momentum should be sustained during the second half of the year,” said Millan Mulraine, deputy chief economist at TD Securities in New York.