The US economy expanded at a 3.3% annualized pace in the second quarter, according to the Bureau of Economic Analysis’ second estimate published Thursday. The revision from the initial 3.0% reading exceeded the 3.1% median forecast, marking the strongest quarterly performance since late-2023. Consumer spending remained the main driver, with personal consumption rising 1.6% compared with the prior 1.4% reading. Inflation gauges within the report were broadly stable: the GDP price index held at 2.0% while the core PCE price index was unchanged at 2.5%. Separate data from the Labor Department showed the labor market staying firm. Initial claims for unemployment benefits fell by 5,000 to 229,000 in the week ended Aug. 23, a touch below expectations. Continuing claims declined to 1.954 million. The combination of stronger-than-expected growth and subdued jobless filings underscores the economy’s resilience heading into the third quarter.