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2024.07.25 12:36

Preliminary Estimate of US Second Quarter GDP

The actual GDP for the United States in the second quarter increased at an annualized rate of 2.8% quarter-on-quarter, higher than the expected 2%, with a previous value of 1.4%; the core Personal Consumption Expenditures (PCE) Price Index for the United States in the second quarter increased at an annualized rate of 2.9% quarter-on-quarter, higher than the expected 2.7%, with a previous value of 3.7%. The economic growth rate in the United States in the second quarter exceeded expectations, indicating that demand remains robust despite the significant pressure from rising borrowing costs

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