Trump tells the growth of GDP 3 %, and demands discount rates after the recovery of the second quarter

president Donald Trump On Wednesday, he described the latest total data for local products (GDP), which showed a recovery from the first quarter and also repeated his invitation to the Federal Reserve to reduce interest rates before the central bank announced later today.

Trump wrote in a post on the social truth platform, “2Q GDP GDP: 3 %, better than expected!” Very late, “It must now reduce the rate. There is no enlargement! Let people buy, re -finance, their homes!”

The President’s comments follow the issuance of the Ministry of Commerce on the first estimate of The second quarter of GDPAnd that showed that the economy grew at an annual rate of 3 % in the second quarter after contracting 0.5 % in the first quarter. Economists signed by the survey by LSEG increased by 2.4 % for the second quarter.

The first -quarter shrinkage was partially moved by an increase in imports, which are put in place in the gross domestic product accounts to calculate the goods produced abroad, as companies looked at the United States inventory before entering more Trump’s tariff. Imports in Q2 slowed down and consumer spending increased, which the Economic Analysis Office indicated the main engines to increase in real gross domestic product despite their partial compensation due to low exports and investment.

Will Powell and archers reduce the rates of reactions to Trump pressure?

He also called the position of Trump, President of the Federal Reserve Jerome PowellThe President referred to as “Al -Sayed after it is too late” in his long -term efforts to pressure Powell and the Federal Reserve to reduce interest rates to increase the economy.

The Federal Open Market Committee (FOC), the 12 -member committee that collectively determines the monetary policy of the Federal Reserve, will announce its latest decision on interest rates later on Wednesday.

JP Morgan warns that the Federal Reserve Independence is at risk of pressure on Trump

The central bank is widely expected to retain steady rates in the current target range of 4.25 % to 4.5 %, as since the last FOMC reduction in December 2024.

Politics makers have indicated that they want to see the impact of definitions on Inflation data While monitoring the labor market to obtain weaknesses – although a FOMC member has indicated that they may prefer discounts in this meeting and they can oppose the group’s decision.

Trump, head of the Federal Reserve Powell, says, says interest rates should be less than 1 %

Federal Reserve Governor Christopher Wal He said he believed that the Federal Reserve should reduce interest rates, refuse concerns about the definitions that nourish inflation and argue that it will cause prices to increase for once. Political makers must search in the past.

In addition, Federal Reserve Governor Michelle Bowman said she believed that there may be a reduction in the interest rate at this meeting to prevent more of more laboratory.

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The market believes that the Federal Reserve is more likely to reduce interest rates in September, as the CME Fedwatch tool shows a possibility of 59.8 % of reducing the basis point rate of 25 instead of 38.3 % chance to continue FOMC to keep fixed rates.