Does the market take this as 'good news' or do they think this means interest rates will go higher earlier...?
U.S. Economy Grew 4% in Second Quarter
The United States economy rebounded in the spring after a dismal winter, the Commerce Department reported on Wednesday, growing at an annual rate of 4 percent for the three months from April through June.
The increase exceeded economists’ expectations and further cemented their views that the decrease in America’s overall output during the first quarter was most likely a fluke tied in large part to unusually stormy winter weather as well as other anomalies. Any dip in gross domestic product outside of an official recession is considered rare.
During the first quarter, output shrank by 2.1 percent, less than had been reported, according to the Commerce Department’s newly revised G.D.P. figures, also released on Wednesday. The department had previously said first-quarter output decreased 2.9 percent.
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http://www.nytimes.com/2014/07/31/business/economy/us-economy-grew-4-in-second-quarter.html?emc=edit_na_20140730
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