US inflation remains sticky in July; 2nd-quarter GDP unrevised at 1.5%
US inflation stays elevated in July; Q2 GDP confirmed at 1.5% growth.
· Source: investing.com
July inflation data showed persistence above Fed targets, while second-quarter GDP was confirmed unrevised at 1.5% annualized growth—a modest pace that suggests economic momentum is slowing. These two prints together signal a dilemma for the Fed: growth is cooling but price pressure remains sticky, which complicates the case for aggressive rate cuts and could keep policy restrictive longer than markets had hoped.
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