US Q2 2022 GDP (final reading) -0.6% vs -0.6% expected

• The second reading on Q2 was -0.6% vs -0.8% expected
• Q1 was -1.4% annualized
• Personal consumption +2.0% vs +1.5% second reading
• GDP final sales +1.3% vs +1.3% second reading
• Corporate profits after tax +6.2% vs -+9.1% second reading
• Consumer spending on durables -2.8% vs -0.1% second reading
• Exports +13.8% vs +17.6% second reading
• Imports +2.2% vs +2.8% second reading
• Inventories cut 1.91 percentage points from GDP

The headline here is unchanged but there are some surprisingly big revisions here.

Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term metrics:

• Core PCE prices final +5.6% vs +4.4% expected
• GDP deflator +9.1% vs +8.9% expected
• PCE prices +7.5% vs +7.1% prior

These inflation numbers were revised surprisingly higher, particularly on the core side.