U.S. GDP Grows 1.5% in Q2; Core Inflation Holds at 3.3%
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- U.S. GDP grew at a 1.5% annualized pace in the second quarter, a slowdown that came in below economist expectations.
- June core inflation stood at 3.3%, remaining stubbornly elevated even as broader economic growth decelerated, according to CNBC's headline data.
Why it matters: Growth undershooting expectations at 1.5% alongside sticky 3.3% core inflation creates a stagflationary tension: cooling demand has not yet translated into meaningful price relief, complicating any monetary policy easing.
