The most aggressive streak of Federal Reserve interest rate hikes in 40 years has slowed the U.S. economy. But to the surprise of many, it hasn't derailed it.
The economy's resilience has been on display for months, and on Thursday the government could provide another encouraging snapshot: Its first estimate of growth in the April-June quarter is expected to show that the gross domestic product — the economy's total output of goods and services — expanded at a modest 1.5% annual rate, according to a survey of forecasters by the data firm FactSet.
