WS #13093
US Q2 GDP grew at 1.5% (below 2.1% prior), with consumer spending strong at 3.2% but inflation remaining above Fed's 2% target, reinforcing higher-for-longer rate expectations.
US GDP Growth Slows to 1.5%, Inflation Sticky
US Q2 GDP grew at 1.5% (below 2.1% prior), with consumer spending strong at 3.2% but inflation remaining above Fed's 2% target, reinforcing higher-for-longer rate expectations.