Wu said that the U.S. announced the second quarter real GDP annualized quarterly rate of 2.8%, significantly exceeding expectations, with an expected rate of 2.00% and a previous rate of 1.40%. The second quarter core PCE price index annualized quarterly rate of 2.9%, expected rate of 2.70%, and a previous rate of 3.70%. Analysis pointed out that the U.S. economy grew faster than expected in the second quarter, but inflation fell, and the Fed's expectations of a rate cut in September were not affected.