released this morning. Nothing really out of whack, but still the scum attacks anyway….
While far less relevant than the rest of today’s data barrage, including the core PCE report and Durable Goods data which showed a mixed real-time picture of the economy as core prices rose more than expected while core CapEx missed expectations, the BEA also reported its second revision of Q2 GDP data – yes, for the quarter ended June 30 or almost two months ago – and which came in at 1.5%, right on top of expectations, and unchanged from the previous estimate.