“US ECONOMY EXPANDS 2.1% IN Q2, LESS THAN ADVANCE ESTIMATE”: This means that the U.S. economy’s Gross Domestic Product (GDP) grew at an annualized rate of 2.1% during the second quarter (Q2) of the year. However, this growth rate was lower than what was initially estimated in the advance estimate. Ok?
“US 2Q CORE PCE PRICE INDEX RISES AT A 3.7% ANNUAL RATE”: This indicates that the U.S. Core Personal Consumption Expenditures (PCE) Price Index, which is a measure of inflation, increased at an annualized rate of 3.7% during the second quarter (Q2) of the year. The Core PCE Price Index excludes volatile food and energy prices and is closely watched by policymakers as an indicator of underlying inflation trends. An increase in the index suggests rising prices for goods and services, which can impact consumer purchasing power and overall economic conditions. OK?
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