Fueled by vaccinations and government aid, the U.S. economy grew at a 6.5% annual rate last quarter, a solid gain that fell short of some expectations.

The total size of the economy has now surpassed its pre-pandemic level.

Thursday’s report from the Commerce Department estimated that the nation’s gross domestic product — its total output of goods and services — accelerated in the April-June quarter from a 6.3% annual growth rate in the first quarter of the year.

The quarterly figure was less than analysts had expected, but the economy was likely held back mainly by supply shortages in goods, components and labor. Analysts surveyed by Refintiv had expected 8.5% growth, according to reports.... Read More: Newsmax