U.S. Q2 GDP Final Value Hits 3% Amid Stable Core PCE Price Index

According to COINOTAG news on September 26, the annualized quarterly rate of the core PCE price index in the United States for Q2 stood at 2.8%, aligning with expectations and maintaining the previous quarter’s figure of 2.80%. Concurrently, the real GDP annualized quarterly rate for the same period was confirmed at 3%, consistently matching forecasts and prior values. The real personal consumption expenditures in Q2 reported a final quarterly rate of 2.8%, slightly below the anticipated 2.9% and the preceding quarter’s number. Additionally, the annualized quarterly rate for final sales in Q2 concluded at 1.9%, showing a decrease from the earlier value of 2.2%. These statistics paint a precise picture of the U.S.’s economic trajectory in the second quarter of the year, devoid of significant fluctuations. (Golden Ten)