Economy in U.S. Grew Slower Than First Estimated

The video discusses the second quarter GDP reading, which came in at 1.1%, aligning with previous revisions. Personal consumption slightly increased to 4.4%, but overall, the GDP figures are volatile and subject to revisions. The data highlights a divergence between falling business spending and resilient consumer activity, which will influence the Federal Reserve's future actions.

What does the text imply about the potential for revisions in GDP numbers?

What factors will determine the actions of the Federal Reserve according to the text?