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S&P Futures Muted After New Trump Tariffs, U.S. PCE Inflation Data in Focus

The U.S. Bureau of Economic Analysis said on Thursday that Q2 GDP growth was revised higher to +3.8% (q/q annualized) in its third estimate, stronger than expectations of no change at +3.3%. Also, U.S. durable goods orders unexpectedly rose +2.9% m/m in August, stronger than expectations of -0.3% m/m, while core durable goods orders, which exclude transportation, unexpectedly rose +0.4% m/m, stronger than expectations of -0.1% m/m. In addition, U.S. existing home sales fell -0.2% m/m to 4.00 million in Augu ...