Add as a preferred source on GoogleU.S. GDP Forecast at 2.5% in Q3; Year-Over-Year Core PCE Inflation Seen at 3.1%
Consumer spending and investment are expected to support growth, while net exports and inventories could weigh on it. The projected year-over-year increase in the core personal consumption expenditures price index ris…
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
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.