Treasury Secretary Scott Bessent said Tuesday that US core inflation had retreated to around 2.3 percent and third-quarter GDP growth would likely exceed 3 percent, pushing back against recession concerns after September’s weak jobs print.
Tag: US economy
Posted inEconomy
US Economy Grew 1.5% in Q2, Missing Forecasts as Government Spending Fell
US real GDP grew at a 1.5% annualised rate in the second quarter of 2026, the Bureau of Economic Analysis reported on July 30, missing the 2.1% consensus forecast and slowing from Q1’s matching pace, though private domestic demand accelerated sharply.