An American flag blows in the wind near the Port of Los Angeles, Calif., on March 28, 2025. John Fredricks/The Epoch Times
The U.S. economy expanded at a 3.3 percent annualized pace in the second quarter of 2025, the Commerce Department reported on Aug. 28, with the rate of growth exceeding an earlier preliminary estimate and signaling economic strength despite headwinds such as high borrowing costs.
The reading was higher than the initial “advance” estimate of 3 percent released by the Commerce Department on July 30. It also beat the 3 percent Bloomberg consensus forecast.
