PCE numbers are out
✦Headline PCE: 2.7% (In line with expectations)
✦Core PCE: 2.9% (In line with expectations)
What are your thoughts?
We'll be diving deeper into these numbers throughout the day and will show how our real-time data anticipated this trend a month in advance
1/ GDP surprised to the upside, but caution is warranted.
The US economy grew 3.8% in Q2, revised up from 3.3% and well above expectations.
That’s a sharp rebound from Q1’s contraction, showing resilience in growth.
However, beneath the surface, the story is more nuanced 🧵
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