Have you ever wondered how a nation's economy can thrive amidst political turmoil? France's recent economic performance might just surprise you. In the second quarter, France's economy grew at a pace that outshone expectations, setting the stage for even more promising forecasts with the upcoming Paris Olympics.
The United States economy has defied expectations, posting a robust growth rate of 2.8% in the second quarter, according to recent data from the US Commerce Department. This unexpected surge not only surpasses the average estimate of 2% from economists polled by Reuters but also doubles the 1.4% growth seen in the first quarter. But that's not all—the inflation rate, as measured by the personal consumption expenditures (PCE) Price Index, has also shown a promising decline, rising by only 2.9% compared to the previous quarter's 3.7%. What does this mean for the economy and the Federal Reserve's upcoming policy meeting?