J.P. Morgan upgrades U.S. second-quarter GDP view to 2.6 percent
J.P. Morgan on Wednesday raised its estimate on U.S. economic growth in the second quarter to 2.6 percent from 2.4 percent as domestic wholesale inventories grew 0.7 percent in June, its fastest clip in six months.
On July 28, the Commerce Department said its first reading on the gross domestic product in the second quarter was a 2.6 percent increase, matching the median forecast among economists polled by Reuters.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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