Anthony Chan, the chief economist at JP Morgan Chase, is discussing whether President Donald Trump’s policies will slow the American economy on Varney & Co.
The American economy grew faster than it was previously believed in the second quarter after the Ministry of Commerce issued its first review Real GDP real (GDP) growth for the last quarter.
The Economic Analysis Office (Bea) issued its second appreciation for the G2 G2, which showed that the economy grew at a rate of 3.3 %. This figure was faster than 3.1 % of the Economists included in LSEG, and above the initial GDP estimate of the Ministry of Trade by 3 %.
According to BEA, the review stems mainly from the ups of the ups and consumer spending that has been partially compensated by the entire reviews of government spending as well as an upward review of imports.
The growth in Q2 follows 0.5 % domestic GDP in the first quarter, which leaves GDP growth In the first half of 2025 at an annual rate of about 1.4 %.
The American economy decreased by 0.5 % in the first quarter of 2025, amid incurable uncertainty
The growth of the American economy in the second quarter followed a shrinkage in the first quarter. (Michael M. Santiago / Getty Images / Getty Images)
Bea will make its final estimate of G2 Q2 on September 25, which may lead to a review of the economic growth number.
Gregory Daco, chief economist, chief economist, warned that “while the American economy grew at a revised annual rate of 3.3 % in Q2 2025, the force was largely a mirage, which reflects a sharp decrease in imports after companies accelerate their purchases in Respond to the definitions In the first quarter. ”
“The American economy expanded only with a silent average pace in H1, which reveals the basic demand for the private sector outside AI’s investment Boom, “Dako added.
The Federal Reserve Chairman refers to the labor market in the Federal Reserve in the labor market
The definitions contributed to the shrinking of the first quarter and the decline of Q2 to imports. (Qian Weizhong / VCG via Getty Images / Getty Images)
Jeffrey Roche, the chief economist in LPL, said: “The upcoming reviews of economic growth in the second quarter raises the third quarter tape.”
“The slowdown in job growth indicates that the economy will not keep pace with the above -mentioned growth from the previous quarter,” Roche explained. “The economic growth is likely to be flat in the third quarter. The most softened growth in the third quarter will add fuel to those who call for price cuts.”
The President of the Federal Reserve, Jerome Powell, indicated that the Federal Reserve may be in a position to reduce interest rates at its meeting next month. (Ting Shen / Bloomberg via Getty Images / Getty Images)
After issuing the domestic GDP numbers q2 2025 revised, the Ministry of Commerce announced that it had begun to publish it GDP data on Blockchain On the occasion of the first time that a federal agency has published economic statistical data on Blockchain.
On Friday, the Ministry of Commerce will be released on Friday (PCE), a preferred scale of inflation in the Federal Reserve.
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PCE data in July, along with the issuance of the August Jobs report and inflation data in the Consumer Prices Index (CPI), will help inform the decision to reduce the interest rate in the Federal Reserve at the Monetary Policy meeting in mid -September.
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