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PCE Price Index Continued To Moderate In June, First 2Q-24 Real GDP Estimate Blew By Forecasts At 2.8%

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The latest end-of-month releases from the federal Bureau of Economic Analysis on gross domestic product, income and spending growth, including the closely watched Personal Consumption Expenditure Price Index, contained a couple big surprises. Growth of real gross domestic product blew by estimates from leading economists polled by the Wall Street Journal and Blue Chip Economic…

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