The U.S. economy expanded at a 2.8% annualized rate in the second quarter, according to the Commerce Department, coming in above Wall Street expectations. The latest reading suggests the country kept growing at a solid pace even as borrowing costs remained elevated.

The stronger-than-expected GDP figure points to continued resilience in consumer demand, business activity, and broader economic output. Analysts will now weigh whether the pace of growth can hold if high interest rates continue to restrain spending and investment.

The report adds a fresh data point for policymakers watching inflation and growth closely. While the economy has shown more durability than many forecast, the outlook remains tied to how long restrictive monetary policy stays in place and whether household demand can keep supporting expansion.