U.S. economic growth hits 2.8% annualized rate in Q2

The U.S. economy grew at an annualized rate of 2.8% in the second quarter, showing consumer resilience despite economic challenges. Data from the Bureau of Economic Analysis beat economists’ expectations of 2% growth, higher than the first quarter’s 1.4% rate. The Fed has raised interest rates to a 23-year high, between 5.25% and 5.5%, to