What to Expect From This Week’s Report on US Economic Growth? [Video]

Despite signs of a slowdown in recent weeks, economic growth likely remained stable through the end of the second quarter.

Economists surveyed by Dow Jones Newswires and The Wall Street Journal anticipate gross domestic product (GDP) grew to an annualized 1.9% in the second quarter. The closely watched data will be released from the Bureau of Economic Analysis on Thursday.

If estimates hold true, that would be higher than the first quarter but still subdued from the second half of last year.

“It would also be consistent with an economy expanding at a pace modestly below its estimated potential and consistent with the disinflation observed in the first half of 2024,” wrote Moody’s Analytics Economist Matt Colyar.

Economic activity has moderated and inflation has declined as the Federal Reserve has kept its benchmark lending rate at a 23-year high for the past year. Expectations have grownthat the Fed will soon start cutting the fed funds rate, …