US Second Quarter Economic Indicators Released

According to Odaily, the United States' economic indicators for the second quarter have been released. The core Personal Consumption Expenditures (PCE) price index annualized quarterly rate stood at 2.8%, matching both the forecast and the previous value of 2.8%. This measure is closely watched as it reflects the underlying inflation trends excluding food and energy prices. The actual Gross Domestic Product (GDP) annualized quarterly rate for the second quarter was confirmed at 3%, aligning with expectations and the previous figure of 3%. This indicates steady economic growth during the period. However, the actual personal consumption expenditures annualized quarterly rate for the second quarter was slightly lower than anticipated, coming in at 2.8% compared to the expected 2.9% and the previous value of 2.9%. This suggests a minor slowdown in consumer spending. Additionally, the final sales annualized quarterly rate for the second quarter was recorded at 1.9%, down from the previous value of 2.2%. This metric excludes changes in inventories and provides a clearer picture of demand in the economy.