U.S. economy grows strongly in 2nd quarter

07/31/2013 | Reuters

The U.S. economy grew at a stronger-than-expected 1.7% annual pace in the second quarter, a result that is expected to provide further impetus for the Federal Reserve to curb its bond-buying program. Separately, strength was also evident in the ADP National Employment Report, with private employers adding 200,000 jobs in July, matching June's gain.

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