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The US economy grew so much stronger than in the second quarter, the trade balance and the renewed consumer strength, the Department of Commerce reported on Wednesday.
Gross domestic productThe amount of goods and services that are expanding in the US economy, jumped 3% of April to April during the period of June, according to seasonal and adapted figures for inflation.
Dow Jones was 2.3% and helped to change the decline of 0.5%, mostly due to the tremendous fall of imports, and the weak consumer expenditure is the fare concerns.
Financial markets reacted little to the report The future of the stock index The confusion and treasures go up.
“The word summer is” resilient, “Heather Long, the main chief of Economicist is the federal credit union.” The consumer hangs there until the shores do. “
The period reported on Wednesday includes president Donald TrumpApril 2 “Liberation Day” tariff announcement. The companies jumped in the first quarter before the advertisement was obtained.
In the last three months, Trump has been in many rounds of Sable-Rattling and has often been vivid negotiations with US negotiation partners who have suffered nerves, but it has been a strong but strong rhythm of economic growth.
The talks largely were at the beginning of the year, but they were as serious as initially proposed.
“The story of anti trump has been a recession or depression, prices because Jacula and Consumers” Kevin Hasstt said, because the National Director of the Economic Council said. “In fact, each thing about this notice of GDP has shown strength.”
Consumer expenditure rose by 1.4% in the second quarter, better than 0.5% in the previous period. Exports fell by 1.8% during the period, imports fell by 30.3%, 37.9% in Q1%.
GDP showed strength in key areas of the economy, even if inflation is not eliminated.
Personal consumer costs earned a price index by 2.1% of the Metric Inflation of the Federal Reserve, quarterly above 2% of the Central Bank. Basic PCE inflation, food believes it is wider for longer tendencies, because it excludes volatile food and energy, increased by 2.5%. It was 3.7% and 3.5% and 3.5% in the first quarter.
Fed encounters Wednesday and the night loan rate rate is expected to maintain a rate of 4.25% in between-4.5%, where it has been from December.
Trump responded to the GDP report with the new request to reduce interest rates.
“2q GDP out:% 3, a better way than expected!” Trump published social truth. Fed chair using his nickname Jerome PowellThe Lehendakari must add “” too late “to download the rate now. No inflation! Leave people buy and reinforce them, their homes!”
There were some signs to slow down the report.
The latest sales for private home buyers, which fed the clock as an indicator of demand, rose by 1.2% in the fourth quarter of 2022 by 1.9% increase in the fourth quarter and the slowest win.
Trump has complained about high mortgage rates, protected by the home market. Residence investment fell by 4.6% in Q2.
At the same time, GDP had his hard rise without the help of government spending. External federals fell by 3.7% in the first quarter. The expenditure of the state and local government rose by 3%.
