U.S. GDP Forecast at 2.5% in Q3; Year-Over-Year Core PCE Inflation Seen at 3.1%

TD Securities expects U.S. gross domestic product (GDP) to grow 2.5% in the third quarter, with consumer spending and investment supporting activity as net exports and inventories could weigh on growth. The projection is above the 2.2% growth recorded in the second quarter, when GDP growth slowed from 2.5% in the first quarter. TokenPost covered the second-quarter GDP report . TD Securities also projects the year-over-year increase in the core personal consumption expenditures (PCE) price index to reach 3.1%, up from 3%. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost