macro
US GDP Remains at 1.5% with Increased Domestic Demand
The second estimate of US GDP for the second quarter confirms a 1.5% annual growth, with upward revisions to domestic demand and corporate profits, indicating a more resilient internal economy.
AS1 News
The real GDP growth rate for the second quarter remains at 1.5%, consistent with initial estimates. However, domestic demand from consumers and businesses has been revised upward from 3.9% to 4.2%. Corporate profits increased by $400.9 billion, significantly surpassing first-quarter figures. This presents a mixed picture: moderate overall growth alongside strong internal activity and profit growth, which helps explain why stock markets remain high despite signs of slowdown in some segments. Additionally, the inflation measure based on the Personal Consumption Expenditures (PCE) index has been raised from 5.1% to 5.3%, indicating persistent price pressures. These data complicate forecasts for the Federal Reserve's future policy actions.
The data suggest internal economic resilience amid moderate overall growth, influencing market sentiment and monetary policy outlooks.