According to PANews, institutional analysis indicates that the U.S. economy grew faster than anticipated in the second quarter, despite a decline in inflation. The Federal Reserve's expectation of a rate cut in September remains unchanged. On Thursday, the U.S. reported a 2.8% GDP growth for Q2, surpassing the 2.0% growth forecasted by economists surveyed by Reuters. The expected growth rate ranged between 1.1% and 3.4%. Despite significant interest rate hikes by the Federal Reserve in 2022 and 2023, the U.S. economy has outperformed its global counterparts. Although the unemployment rate has risen to a two-and-a-half-year high of 4.1%, the economy continues to be supported by the resilience of the labor market. Core PCE, which surged by 3.7% in the first quarter, grew by 2.9% in the second quarter, presenting favorable news for the Federal Reserve ahead of next week's meeting.