Analysts forecast steady annualized GDP growth of 2.1% for Q2, matching Q1, as markets await key inflation data alongside the report.
The US Bureau of Economic Analysis will release its preliminary Q2 GDP estimate on Thursday, with economists projecting a 2.1% annualized growth rate, unchanged from the prior quarter. The figure reflects modest economic resilience amid geopolitical risks, including the Iran conflict and energy price volatility.
The report also includes the GDP Price Index, a broad inflation measure, and precedes Friday’s Personal Consumption Expenditures (PCE) data, the Federal Reserve’s preferred gauge. Markets will scrutinize both for signs of persistent inflationary pressures, particularly from tariffs and energy costs.
The Fed held rates steady at its July meeting, but upcoming data could influence expectations for future policy moves. Investors remain cautious as they assess growth stability and inflation trends.