The US economy shined in its latest report card, supporting calls that it can dodge recession despite the most aggressive interest-rate hikes in a generation. Gross domestic product advanced in the second quarter by more than most economists’ estimates, buoyed by resilient consumer spending and robust business investment. Even so, price pressures still cooled, with underlying inflation rising at the slowest pace in more than two years. Combined with other data Thursday that showed stronger-than-expected orders for business equipment and fewer applications for unemployment benefits, the GDP figures bolster the case ... (full story)