US GDP Expected to Grow 2.1% in Q2 Despite Iran Conflict
The US Bureau of Economic Analysis will release its preliminary Q2 GDP estimate on Thursday, with analysts forecasting an annualized 2.1% expansion, suggesting the economy remains resilient to geopolitical tensions.
The US Bureau of Economic Analysis is scheduled to publish its advance estimate of second-quarter GDP on Thursday. Market consensus points to an annualized growth rate of 2.1%, according to analysts.
The figure indicates that the US economy has maintained a solid pace despite the ongoing conflict involving Iran, highlighting underlying resilience in consumer spending and business activity.
The release will be closely watched for clues on the Federal Reserve's next policy moves, as steady growth could support the case for holding rates higher for longer.
Source: FXStreet Forex News