US Q2 GDP Slows to 1.5% as Private Demand Strengthens Broadly
US GDP growth slowed to a 1.5% annualized pace in Q2, but underlying private domestic final purchases accelerated, pointing to broad-based strength beyond AI-related spending, according to TD Securities.
The US economy expanded at a 1.5% annualized rate in the second quarter, TD Securities economists Eli Nir and Oscar Munoz noted. However, private domestic final purchases—a gauge of underlying demand—accelerated, suggesting resilience beyond the AI-driven investment boom.
The data indicates that while headline growth moderated, core domestic activity remained robust, underscoring broad-based economic strength.
Source: FXStreet Forex News