**🚨 U.S. Economy Update: Inflation Cools (Slightly), Growth Surges! 🚨**
Just in! We've received the preliminary Q2 U.S. economic data, and these numbers could definitely influence the markets, including crypto. Here’s the breakdown:
* **Core PCE Price Index (Inflation Gauge):**
* **Actual:** 2.5%
* **Expected:** 2.3%
* **Previous:** 3.5%
* ➡️ **My take:** Inflation is showing signs of cooling down from the previous quarter, which is good, but it's still running a touch hotter than what economists predicted.
* **Real GDP Growth (Economic Health):**
* **Actual:** 3.0%
* **Expected:** 2.4%
* **Previous:** -0.5%
* ➡️ **My take:** This is a strong rebound! The economy grew significantly more than expected, completely shaking off that previous contraction.
**What does this mean?** These numbers are crucial. A strong GDP might give the Fed more room to keep rates elevated, while inflation still above target keeps them on alert. Expect some volatility as the market digests this!
Stay sharp and watch those charts!
#MarketUpdate #USMacro #CryptoNews #Inflation #GDP #FedWatch #Volatility
