WS #13069
US Q2 GDP grew only 1.5% (vs 2.1% expected), while core PCE cooled to 3.3% YoY, supporting the Fed's decision to hold rates steady with a 6-3 hawkish split.
US Q2 GDP miss and cooling PCE keep Fed on hold
US Q2 GDP grew only 1.5% (vs 2.1% expected), while core PCE cooled to 3.3% YoY, supporting the Fed's decision to hold rates steady with a 6-3 hawkish split.