Analyst Pin-board: US Economic Data Prior to the FED’s Policy Meeting
Last week, US officials released the country’s annual GDP growth for the second quarter which was estimated at 2.1%. The increase in real GDP in the second quarter reflected positive contribution from personal consumption expenditures (PCE), federal government spending, and state and local government spending. Those were partly offset by negative contributions from private inventory investment, exports, nonresidential fixed investment and residential fixed investment.
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