macro
US Inflation Slows and GDP Growth Falls Short of Expectations
US inflation has decelerated, with personal consumption expenditures rising modestly, and GDP growth for the second quarter coming in below forecasts, indicating a slowdown in economic activity.
AS1 News
In June, the core personal consumption expenditures index increased by 0.1%, below the expected 0.2%. The US GDP grew at an annualized rate of 1.5% in the second quarter, significantly lower than the forecasted 2.1%. Consumer spending rebounded, but the pace of economic expansion has slowed. These figures reduce the likelihood of an immediate Federal Reserve interest rate hike and prompt further attention to upcoming macroeconomic indicators.
Market reactions included a rise in futures and stabilization of bond yields, although concerns remain about the economy's resilience amid high interest rates.
The data suggests a cooling economy and moderating inflation, which could influence monetary policy decisions and investor sentiment.