Hot News: Second-Quarter GDP Up 5.2%, Way Ahead of Expectations
The hot gross domestic product figure is likely to put pressure on stocks.
The preliminary second-quarter gross domestic product report was just released:
- GDP: +5.2%. Forecast: +3.8%. Previous: +4.8% (first quarter, revised from +5.5%).
Implicit price deflator: +2.5%. Forecast: +2.4%. Previous: +3.3% (revised from 3.0%).
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