WS #13078
US Q2 GDP grew 1.5% (below 2.1% est.), consumer spending +3.2%, core PCE inflation 3.3% YoY; Fed held rates with 3 dissents favoring hikes, keeping September rate hike risk alive.
US Q2 GDP slowdown and sticky inflation
US Q2 GDP grew 1.5% (below 2.1% est.), consumer spending +3.2%, core PCE inflation 3.3% YoY; Fed held rates with 3 dissents favoring hikes, keeping September rate hike risk alive.