23H·

US GDP grew more strongly than expected in Q2:

- Forecast: +3.0%

- Actual: +3.3%


👉 The current data, with US GDP growth of 3.3% in Q2, could be a signal for the Fed not to cut interest rates in September. In view of the robust economic data and the fact that inflation remains above target, the Federal Reserve would be more likely to pursue a more restrictive monetary policy. Bad for risk assets $BTC (-3,35%)

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4 Commenti

immagine del profilo
Labor market data and consumer spending remain poor. So don't worry about your BTC from there.

In general, the current US policy should be bad for the haves and good for the have-nots. So keep risking!
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immagine del profilo
@Epi Has it ever been different? 😅
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immagine del profilo
@Epi Powell likes to change his mind. I'm looking forward to the meeting in two weeks' time😅
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immagine del profilo
@TotallyLost Yes, it used to be different. In the time that MAGA longs for as the great times of the USA 40s-50s. In other words, the times of democratic politics. 😅
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