Fresh GDP data just dropped — and it's looking bullish for the U.S. economy.

🇺🇸 Q2 GDP growth came in at 3.0%, beating expectations of 2.5%.
Even more importantly:
📉 GDP Deflator slowed to 2.0% vs forecasted 2.2% (and previous 3.8%).

Quick reminder: the GDP deflator measures broad inflation across the whole economy — not just consumer prices. It helps show whether GDP growth is real (production-driven) or just price-driven.

➡️ Lower deflator = slower price growth = cooling inflation.
That's a positive signal for the Fed, as it suggests less pressure to hike interest rates further.

Now all eyes on Powell's next comments. 👀
Will he shift his tone?

GDP print looking solid
That 2.0% deflator is the real kicker tho — might give the Fed some breathing room.
If Powell hints dovish next week, risk assets could get spicy 👀
Stacking bags just in case.