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U.S. economy shows robust second-quarter growth despite Iran-war inflation
A MarketWatch analysis says the latest GDP readout may not clearly reflect the factors boosting growth because inflation pressures from the Iran war can affect how the numbers look.
MarketWatch reports the U.S. economy generated robust growth in the second quarter, even as inflation was boosted by the Iran war.
The outlet notes that while second-quarter economic momentum appears strong in headline terms, it may be less obvious in the latest gross domestic product report when readers look closely at what is driving the figures.
The analysis suggests the GDP snapshot could require a closer look under the hood to reconcile the growth picture with the inflation backdrop tied to the Iran war.