ASX to slip, Wall Street modestly higher, bitcoin eases

News Snapshot:

Gross domestic product increased at a 2.1 per cent annualised rate last quarter, the government said in its second estimate of GDP for the April-June period. That was revised down from the 2.4 per cent pace reported last month. Economists polled by Reuters had expected GDP for the second quarter would be unrevised. The yield on the US 10-year note was 1 basis point lower to 4.11 per cent at 2.36pm in New York. Swap contracts tied to Fed meeting dates priced in less than a 50 per cent chance of another quarter-point rate increase this year, Bloomberg reported. As...