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US GDP falls for a second straight quarter, declines by 0.9% in Q2
short by Anmol Sharma / on 28 Jul 2022,Thursday
The US GDP has fallen for a second straight quarter, shrinking in the last three months (Q2) by 0.9%. In the first quarter ending March, the US GDP had decreased at an annual rate of 1.6%. On Wednesday, the US Federal Reserve had hiked interest rates by 0.75% for the second consecutive time.
short by Anmol Sharma / 07:03 pm on 28 Jul
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