Price pressures eased slightly as the Core PCE rose 0.2%, missing the 0.3% consensus estimate. This acceleration in output and tempering of inflation surpassed the forecasts of all 53 analysts in a Bloomberg survey. Consumer spending for the period was revised up to 3.8% from 3.4%, while the overall PCE price index finished the quarter at 5.0%.
Tuesday, October 20, 2026
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US Q2 GDP Hits 2.2% on 4.6% Private Sales Surge
US Markets20 days ago
The American economy grew more rapidly than anticipated between April and June, supported by an increase in business investment and consumer demand. The government revised the annualized growth rate to 2.2% from a previous estimate of 1.5%. This strength was highlighted by a 4.6% expansion in final sales to private domestic purchasers, while monthly ADP employment data showed 90,000 new jobs, exceeding the 75,000 expected.
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