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The U.S. economy grew faster than expected and inflation fell, leaving interest rate cuts unaffected
On July 25th, institutional analysts believe that the U.S. economy grew faster than expected in the second quarter, but inflation has fallen back, and the Federal Reserve's expectations for interest rate cuts in September are not affected. The U.S. GDP data for the second quarter released on Thursday rose by 2.8%. Economists polled by Reuters had predicted that GDP would grow at a rate of 2.0%. The growth rate is expected to be between 1.1% and 3.4%. Despite the Federal Reserve's sharp interest ...
2024-07-25 12:44:16
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