<cite class="source__cite"> Washington, DC CNN &nbsp;—&nbsp; </cite>

 The US economy grew more slowly in the second quarter than previously estimated — a good sign for the Federal Reserve, which is attempting to cool demand to bring down price increases. 

 Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 2.1% in the second quarter, according to the Commerce Department’s second estimate, released Wednesday morning. That’s a slightly slower pace than the 2.4% the department initially estimated. 

This story is developing and will be updated.

The US economy grew more slowly in the second quarter than previously estimated — a good sign for the Federal Reserve, which is attempting to cool demand to bring down price increases.{ai:summary}US economy grew more slowly in Q2 than previously estimated, a good sign for Federal Reserve trying to cool demand and bring down price increases. GDP rose at annualized rate of 2.1%, slightly slower than initial estimate of 2.4%. #economy

The US economy grew more slowly in the second quarter than previously estimated | CNN Business

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