Anthony Chan, the chief economist of former JP Morgan Chase, discussed whether the policies of President Donald Trump would slow down the US economy on Varni & Co..
The US economy grew at a faster rate than before in the second quarter, when the Department of Commerce released its first amendment real GDP (GDP) Increase for the latest quarter.
The Bureau of Economic Analysis (BEA) released its second estimate of Q2 GDP, showing that the economy increased at a rate of 3.3%. The figure was faster than the 3.1% estimate of economists voted by LSEG, and the initial Q2 GDP estimate of the Department of Commerce was above 3%.
According to the BEA, the amendment mainly stems from upward amendment to investment and consumer expenses which were partially an offset for amending a top -up for imports with government expenses.
The increase in Q2 follows GDP contraction of 0.5% in the first quarter, which leaves GDP growth At an annual rate of about 1.4%in the first half of 2025.
The US economy shrunk 0.5% in the first quarter of 2025 amid tariff uncertainty
The growth of the US economy in the second quarter after a contraction in the first quarter. (Michael M. Santiago / Getty Images / Getty Images)
The BEA will release the final estimate of the Q2 GDP on 25 September, which can further modify the economic development figure.
Gregory Daco, the chief economist of Ey-Parthenon, warned that, “While the US economy Q2 increased at a pre-propelled annual rate of 3.3% in 2025, the strength was largely a mritakrishna, which reflects a sharp decline in imports after accelerating his purchases in businesses. Tariff reply In Q1. ,
“The US economy only expanded a silence at a silent 1.4% average speed in H1, revealing the demand for a soft underlying private sector Investment by AI Boom, “said the bandh.
Fed Chair Zerome Powell Signal Job Market, Inflation Outlook may allow for interest rate cuts
Tariff contributed to Q1 contraction and Q2 decline in imports. (QIAN Weizhong / VCG Getty Image / Getty Image)
LPL’s chief economist Jeffrey Roach said, “The amendment upwards for the second quarter’s economic development increases the bar for the third quarter.”
Rachch said, “Slowing the increase in job indicates that the economy will not be with growth from the previous quarter.” “There is a possibility of economic growth in the third quarter. Q3 will add fuel to the callers to cut a soft growth rate.”
Fed Minutes removed the possibility of inflation in July rate decision
Fed Chair Jerome Powell indicated that Fed may be in a position to cut interest rates in their meeting next month. (Tinge Shane / Bloomberg Getty Image / Getty Image)
After the release of the revised Q2 2025 GDP data, the Department of Commerce announced that it has started posting it GDP data on blockchain – For the first time a federal agency has published economic statistical data on blockchain.
On Friday, the BEA of the Department of Commerce will release the July Personal Consumption Exanders (PCE) index, which is Federal Reserve’s favorite inflation gauge.
Get Fox Business when you click here
With the release of the July PCE data, August Jobs Report and the Consumer Price Index (CPI) inflation data, the Central Bank’s mid -September monetary policy meeting will help inform the decision to cut the interest rate of the Federal Reserve.
