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The Commerce Department released its final reading of second quarter GDP, finding that the economy grew at a rate of 2.2% in the three-month period covering April, May and June.

The Commerce Department reported that PCE inflation remained elevated in August at a level well above the Federal Reserve's 2% target.

The figure reported on Wednesday is above economists’ estimates of an increase of 90,000 jobs. The prior month's reading was revised lower to 36,000.