Recession worries delayed!
**GDP (QoQ annualized): 2.4%,** vs. 1.8% expected, from 2.0% in the prior period.

**GDP price index: 2.2%,** vs. 3.0%, from 4.1%. - [Reuters](https://link.mail.beehiiv.com/ss/c/NtmPZtzmuFdbFBVKtipqd4BTIi9ayEi2j6mXEyhiMIpqk-gYEkfN5jk_iXskKQNeHR9_MRajeQdtcg0vXG03JY_-3v1BIDDjUmMKHsX2HrEVRI0JvNzRT8p80r1e5MjSw8IeazMiq7K8Wrkrh_oVuat4dIxMwD2P3bVO5dzVtz8/3y9/NMpWJJE3Th-fNZFl4ehVoQ/h8/IkjcPAnWpLdgMdux7Jbyqcbf8ksWK3T6F4XKs20GyVc), [BEA](https://link.mail.beehiiv.com/ss/c/NtmPZtzmuFdbFBVKtipqdwBClXIM3IaWA1tn_VBkjIVK3pHLwhpHZ4MduyuoYQ3oGIAgQFR6q0SvWWYKLeU04w/3y9/NMpWJJE3Th-fNZFl4ehVoQ/h9/hKtUW78BemM-t4KBNDXw6YIDnoMU5cm7AipggI_RYbE)

![Image upload](https://cdn.commonstock.com/8df014eeb1da5a1a30fa026eecd2b78b052ca73f58881a67d2dc6a5c5cd8b72d-1292x789.png)

The U.S. economy continues to surprise to the upside, having quickly recovered from Covid and now avoiding a recession, even with higher rates. Damn.


![Image upload](https://cdn.commonstock.com/a506db2c7b6070d541454846da22b85a93d7ca1583d7e2c03cb36c3affde92a7-1292x777.png)

In Q2, GDP growth was led by business investment and consumer spending in services.
![Image upload](https://cdn.commonstock.com/e736c4f0a1f71bb6e9702b29e347a006928e6c529a4c88886e6bf17836bbf68c-1292x932.png)

Rico

https://link.mail.beehiiv.com/ss/c/NtmPZtzmuFdbFBVKtipqd4BTIi9ayEi2j6mXEyhiMIpqk-gYEkfN5jk_iXskKQNeHR9_MRajeQdtcg0vXG03JY_-3v1BIDDjUmMKHsX2HrEVRI0JvNzRT8p80r1e5MjSw8IeazMiq7K8Wrkrh_oVuat4dIxMwD2P3bVO5dzVtz8/3y9/NMpWJJE3Th-fNZFl4ehVoQ/h8/IkjcPAnWpLdgMdux7Jbyqcbf8ksWK3T6F4XKs20GyVc

https://link.mail.beehiiv.com/ss/c/NtmPZtzmuFdbFBVKtipqdwBClXIM3IaWA1tn_VBkjIVK3pHLwhpHZ4MduyuoYQ3oGIAgQFR6q0SvWWYKLeU04w/3y9/NMpWJJE3Th-fNZFl4ehVoQ/h9/hKtUW78BemM-t4KBNDXw6YIDnoMU5cm7AipggI_RYbE

Gross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

U.S. GDP grew at 2.4% in Q2, above expectations of 1.8%

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