US GDP 1.5%: Consumer 3.4%, imports cut 1.64 pts, core 4.2%
The second estimate of Q2 GDP held at 1.5% annualized, but the composition is far stronger than the headline suggests. Consumer spending accelerated to 3.4%, business investment rose 8.5%, and the core final-sales measure hit 4.2% even as a 12.5% import surge subtracted 1.64 points. For markets, the report strengthens the case for resilient domestic demand while keeping attention on inflation at 3.7% y/y.
Source: Boulder Daily Camera · Beaumont Enterprise