The U.S. economy grew at its quickest pace in over a year with business investment and international trad leading the way.
For the April - June quarter the gross domestic product grew at an annual rate of 4 percent, higher than the estimateed 3.4 percent by the government last month. Gross domestic product is the key measure of economic health used.
The concern now is that credit problems and ups and downs of the stock market may continue to shake consumer and business confidence could end up with people tightening their spending and businesses stopping hiring.
A number of analysts believe the continued uncertainty will cause GDP growth to slow down the second half of the year.
The Fed has added billions to the banking system in order to keep the credit markets operating at a healthy rate, but almost everyone is now thinking they'll be pressured to cut the federal funds rate at the September 18 meeting.
Some are looking to see if Fed Chairman Ben Bernanke will give any indication of what direction he's leaning in. He's been reluctant to cut rates in fear of triggering inflation.
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