Announcement
Reported U.S. figures put revised Q2 GDP at 2.2% and core PCE at 3.0%
A September 30 post says Q2 GDP was revised up from 1.5%, core PCE came in below the 3.3% expected, and ADP private jobs rose by 90,000 versus roughly 68,000 expected.
TLDR
A September 30 post says Q2 GDP was revised to 2.2% from 1.5%, core PCE came in at 3.0% versus 3.3% expected, and ADP private jobs rose by 90,000 versus roughly 68,000 expected. Separately, a September 29 post quotes New York Fed President John Williams saying there was “no need for urgency” on rates and that one more hike “may be appropriate late this year” if the economy follows his forecast.
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