The US Economy Keeps On Chuggin’ With 2.4% Real GDP Growth 2Q-23; PCE Inflation Moderates More

Macroeconomic forecasters in the US keep getting surprised, for the most part pleasantly, by the ongoing strength of the economy. In early July, the consensus of the 50 economic forecasting groups polled monthly by Blue Chip Economic Indicators expected 2Q-23 real GDP growth of 1.3% on an annualized basis. They were off by more than a full…