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WASHINGTON Cheap Men's Nike SF AF1 High Black Cargo Khaki UK , July 30 (Xinhua) -- U.S. economy rose at a faster pace in the second quarter after a weak start of this year, suggesting a steady economic progress would support the Federal Reserve to move closer to its first interest rate hike this year.


The U.S. economy expanded at an annual rate of 2.3 percent in the second quarter, a moderate bounce from the revised 0.6 percent increase in the first quarter, the Commerce Department said Thursday.


Strong personal consumption led the rebound as consumers spent more of the windfall gains from lower oil prices they had saved in the first quarter, and many of the temporary factors that restrained growth in the first quarter faded, Jason Furman Cheap Men's Nike Air Force 1 SF AF1 Mid QS Boots All White UK , Chairman of the White House Council of Economic Advisers (CEA), said in a statement on Thursday.


In the second quarter, the rise in GDP growth was led by a faster pace of personal consumption growth than the first quarter and a shift from negative to positive net export growth.


Consumer spending, which accounts for about 70 percent of the U. S. economy, rose 2.9 percent in the second quarter, compared to an increase of 1.8 percent in the first. The saving rate fell to 4.8 percent in the second quarter from the first quarter's 5.2 percent.


As the value of U.S. dollar stabilizes Cheap Men's Nike SF-AF1 Air Force 1 High Boots Black UK , net exports, which subtracted 1.92 percentage points from the first quarter's GDP growth, contributed 0.13 percentage point to the growth in the second quarter.


The Commerce Department also said on Thursday that the economy grew at a 0.6 percent rate in the first quarter, an upward revision from a previously reported 0.2 percent contraction.


However, weaker business investment and federal government spending have partly offset the positive contributions from consumer spending and improved net exports.


Non-residential fixed investment decreased 0.6 percent in the second quarter, in contrast to an increase of 1.6 percent in the first; and federal government spending decreased 1.1 percent in the second quarter Cheap Men's Nike SF AF1 Wheat UK , compared to an increase of 1.1 percent in the first.


Fed chairwoman Janet Yellen said earlier this month that, as the value of the dollar and crude oil prices stabilize, some of the headwinds restraining economic growth, including the negative effects of U.S. dollar appreciation on net imports and low energy prices on oil drilling industry investment, would diminish over the course of this year.


Thursday's GDP report was consistent with the Federal Reserve's assessment of the economy. The Fed said on Wednesday that economic activity has been expanding moderately in recent months despite a soft business investment.


Fed officials on Wednesday upgraded their assessment of the job market and housing market, a sign that the central bank remains on track to raise interest rates later this year. But it did not provide a clear signal for the rate hike timetable.


Although Fed officials believed they are approaching to achieve the goal of maximum employment Cheap Men's Nike SF AF1 Mid Mushroom-Light Bone UK , one of the central bank's dual mandates, the inflation, the other mandate for the Fed, has remained below its 2 percent target for years.


John Williams, president of the Federal Reserve Bank of San Francisco, said earlier this month that Cheap Men's Nike SF AF1 Air Force 1 LNY Lunar New Year White UK , with oil prices having moved back up from past lows and the dollar retracing some of its past gains, their effects on inflation will recede.


In addition, with the economy nearing "full strength," there will be signs that underlying inflation trends are coming back up, said Williams. He expected the economic growth to average about 2. 75 percent from the second quarter to the end of this year.


With Fed officials seeing continued improvements in job markets and confident that inflation would come back to the central bank's target, the central bank is on track to hike interest rates. Yellen has said that officials expected to start the move later this year.


Market investors widely see September or even later as the most likely time for a Fed rate increase. The Fed has kept its benchmark short-term interest rate near zero since December 2008.


BUJUMBURA cheap nike air max 95 uk , Sept. 4 (Xinhua) -- Burundi is to receive over 15,000 refugees from Tanzania this week as part of the ongoing repatriation of Burundian refugees who had fled the country's 2015 crisis, a senior government official said Monday.


A tripartite meeting held on Aug. 31 in Tanzania, which brought together representatives from Burundi, Tanzania and the UN Refugee Agency (UNHCR) decided that the first batch of Burundian refugees from Tanzania should arrive in Burundi on Thursday this week, said Terence Ntahiraja cheap nike air max 270 uk , the assistant to the Burundian home affairs and civic education minister.


According to him, the first convoy will be made up of some 15,000 returnees and will enter Burundi from Tanzania via a border post in the Burundian southern province of Makamba.


"They will be welcomed and then transferred to their homes as their lands and belongings were protected," said Ntahiraja.


UNHCR will provide returnees with food and non-food items that they will use for three months during their reinsertion in the community, according to him.


Ntahiraja said the government hopes that the others will be motivated to come back home after the first batch of returnees is successfully welcomed.


Tanzania remained the largest host of Burundian refugees, according to UNHCR.


Tanzania is currently home to more than 315 cheap nike air vapormax uk ,000 refugees and asylum-seekers, mainly from Burundi and the Democratic Republic of the Congo. They are hosted in three refugee camps of Nyarugusu, Nduta, and Mtendeli, which face severe pressure.


Burundi plunged into a crisis since April 2015 when Burundian President Pierre Nkurunziza decided to run his controversial third term bid.


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