U.S. Economy Expands Less Than Forecast

The video discusses revisions to first quarter growth, highlighting a decrease from 1.1% to 0.8%. It explains the core PCE as a key inflation measure, aligning with estimates at 1.7% for the second quarter. The second quarter GDP is analyzed, showing a lower-than-expected 1.2%, compared to the Atlanta GDP forecast of 1.8%. Market reactions include a slight decrease in yields and a softer dollar, influenced by the Japanese yen. The video concludes with a brief look at negative trends in equities, with S&P 500 and Dow futures both down.

What was the revised growth rate for the first quarter?

• 1.1%

• 1.2%

• 0.8%

• 1.7%

Which economic indicator is closely monitored by the Federal Reserve to track inflation?

• GDP

• Core PCE

• Unemployment Rate

• CPI

How did the second quarter GDP compare to the Atlanta GDPNow forecast?

• It was higher

• It was not reported

• It was the same

• It was lower

What was the impact on the dollar index following the economic data release?

• It increased by 0.6%

• It decreased by 0.6%

• It remained unchanged

• It increased by 1.2%

What was the movement in Dow futures after the economic data was released?

• Negative 4 points

• Positive 4 points

• Negative 53 points

• Positive 53 points