US Economy Slows as Second-Quarter GDP Misses Forecasts While Inflation Continues to Ease - Tekedia

U.S. second-quarter GDP came in below expectations at 1.5%, signaling a cooling economy.

June PCE inflation matched forecasts at 3.7%, extending the disinflation trend.

Slower growth and easing prices could reduce pressure on the Federal Reserve to raise rates further.

If inflation keeps falling without a recession, hopes for a soft landing may improve.