AI Data Insight
In Q2 2026, the annualized quarter-over-quarter growth rate of real Personal Consumption Expenditures (PCE) in the US strongly rebounded to 3.2%, doubling the previous reading of 1.6%. Although overall GDP growth fell below market consensus due to drags from net exports and government spending, resilient private consumption and cooling core inflation continue to provide strong support for a soft landing of the US economy.