U.S. Economy Expands Less Than Forecast

The video discusses revisions to first quarter growth, highlighting a decrease from 1.1% to 0.8%. It explains the core PCE as a key inflation measure, aligning with estimates at 1.7% for the second quarter. The second quarter GDP is analyzed, showing a lower-than-expected 1.2%, compared to the Atlanta GDP forecast of 1.8%. Market reactions include a slight decrease in yields and a softer dollar, influenced by the Japanese yen. The video concludes with a brief look at negative trends in equities, with S&P 500 and Dow futures both down.

What was the Atlanta GDP now forecast for the second quarter?

What was the reaction of the S&P 500 futures after the economic data?