Revised numbers show that the US economic juggernaut grew at a stronger, but still sustainable 3.3% rate in Q2 2025, with inflation staying basically level..."the headline PCE price index edged lower to 2%, in line with the Fed’s inflation goal."
( In Central Indiana ) :Eggs = 2.51 per dozen grade A large; mile = 2.5 per gallon of 2%; chicken= $ 1.99-2.99 per lb. bnlss, skinless breasts; tomatoes= .99 per pound d of Romas; bacon= $ 3.99 [per pound; pork loin = $ 1.99 per pound....beef still high...
How sweet it is ! The economy just won't give the 19%ers the recession they have been begging for....
The U.S. economy grew at a pace that was faster than expected in the second quarter as consumers and businesses held up against tariff volatility.
Gross domestic product rose at a 3.3% annualized pace in the April-through-June period, the Commerce Department reported Thursday in its second estimate for the most encompassing measure of economic activity. The reading was better than an initial 3.0% estimate as well as the 3.1% Dow Jones consensus forecas
Consumer spending, which rose by 1.6% compared with an initial 1.4% estimate, helped push the number higher.
Importantly, a measure called final sales to private domestic purchasers jumped 1.9%, up from the previous figure of 1.2%. Federal Reserve officials watch that metric closely as an indication of demand and sales that focuses on activity within U.S. borders, an especially important measure considering the uncertain impact of President Donald Trump’s tariffs.
The GDP number also reflected the unusual impact of the tariffs as they related to trade numbers.
Imports, which subtract from GDP, tumbled 29.8% in the quarter after companies stockpiled ahead of Trump’s April 2 “liberation day” announcement. The figure was a bit less than the previous estimate of 30.3%.
At the same time, exports, which add to GDP, fell by 1.3%, compared with the previous estimate of -1.8%. Taking the figures together, net exports added nearly 5 percentage points to the Q2 total.
~ Inflation-related estimates were little changed from the initial reading. Core personal consumption expenditures prices, which exclude the volatile food and energy categories, rose 2.5%, unchanged from the prior figure, while the headline PCE price index edged lower to 2%, in line with the Fed’s inflation goal.
( In Central Indiana ) :Eggs = 2.51 per dozen grade A large; mile = 2.5 per gallon of 2%; chicken= $ 1.99-2.99 per lb. bnlss, skinless breasts; tomatoes= .99 per pound d of Romas; bacon= $ 3.99 [per pound; pork loin = $ 1.99 per pound....beef still high...
How sweet it is ! The economy just won't give the 19%ers the recession they have been begging for....
U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought
- Gross domestic product rose at a 3.3% annualized pace in the April-through-June period, the Commerce Department reported.
- The reading was better than the initial 3.0% estimate as well as the 3.1% Dow Jones consensus forecast, as consumer spending helped push the number higher.
The U.S. economy grew at a pace that was faster than expected in the second quarter as consumers and businesses held up against tariff volatility.
Gross domestic product rose at a 3.3% annualized pace in the April-through-June period, the Commerce Department reported Thursday in its second estimate for the most encompassing measure of economic activity. The reading was better than an initial 3.0% estimate as well as the 3.1% Dow Jones consensus forecas
Consumer spending, which rose by 1.6% compared with an initial 1.4% estimate, helped push the number higher.
Importantly, a measure called final sales to private domestic purchasers jumped 1.9%, up from the previous figure of 1.2%. Federal Reserve officials watch that metric closely as an indication of demand and sales that focuses on activity within U.S. borders, an especially important measure considering the uncertain impact of President Donald Trump’s tariffs.
The GDP number also reflected the unusual impact of the tariffs as they related to trade numbers.
Imports, which subtract from GDP, tumbled 29.8% in the quarter after companies stockpiled ahead of Trump’s April 2 “liberation day” announcement. The figure was a bit less than the previous estimate of 30.3%.
At the same time, exports, which add to GDP, fell by 1.3%, compared with the previous estimate of -1.8%. Taking the figures together, net exports added nearly 5 percentage points to the Q2 total.
~ Inflation-related estimates were little changed from the initial reading. Core personal consumption expenditures prices, which exclude the volatile food and energy categories, rose 2.5%, unchanged from the prior figure, while the headline PCE price index edged lower to 2%, in line with the Fed’s inflation goal.
