US Economy Advances More Than Expected

New reports show the U.S. economy is advancing at a faster pace than some analysts had predicted, but the country’s central bank says it is not ready yet to trim its stimulus measures to boost growth.

The government Wednesday said the American economy grew by a 1.7 percent annual rate in the April-to-June period, compared to a newly calculated 1.1 percent pace over the first three months of the year.

The Federal Reserve described the country’s expansion as modest. The second quarter …

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