Second quarter real GDP (calculated sans inflation at an annual rate) was revised up 0.3 percentage points from the advanced estimate of 3.0% two months ago. Real GDP is calculated in part by adding consumer spending and subtracting imports, which, having increased and decreased respectively, are the main drivers of the growth. Additionally, the PCE (personal consumption expenditures) price index, an indicator of inflation, increased 2.0%, while real gross domestic income (GDI), an indicator of salary changes, increased 4.8% in the second quarter. The labor market also remains strong (sending mixed signals regarding whether or not Fed Chair Jerome Powell will cut interest rates). (SOURCE: Bureau of Economic Analysis)  (ICE NEW YORK)

Fonte notizia: Bureau of Economic Analysis