U.S. Gross Domestic Product Growth Revised to 1.7% for Q2 2012

The U.S. economy grew sat a omewhat better than expected during the second quarter of 2012, according to a revised estimate issued by the Commerce Department for the country’s quarterly Gross Domestic Product (GDP).

U.S. Gross Domestic Product Growth grew by a 1.7 percent annual rate in the second quarter compared to a 2 percent rate in the first quarter. The earlier estimate for the first quarter was for 1.5 percent.

The reading of the  Gross Domestic Product Growth provides an inkling that Fed Chairman Ben Bernanke may...