The U.S. economy expanded faster between April and June than previously estimated, as growth bounced back after slumping in the first quarter, new government data shows. The Commerce Department said Thursday that the country’s gross domestic product — the nation’s output of goods and services — grew at a 3.3% annual pace in the second quarter after shrinking 0.5% in …
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National debt to hit 120% of GDP by 2035, new analysis shows
Committee for a Responsible Federal Budget President Maya MacGuineas discusses tariff revenue and how President Donald Trumps tax bill will affect the deficit on Mornings with Maria. The U.S. government’s budget deficits are now projected to worsen throughout the next decade when compared with earlier forecasts this year, according to a new report by the nonpartisan Committee for a Responsible Federal …
Read More »Japan’s GDP expands more than expected in second quarter as tariffs take hold
The Tokyo Tower stands amid buildings at dusk in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Japan’s economy expanded 0.3% in the second quarter of 2025 compared to the first three months of the year, beating forecasts despite tariff headwinds out of the United States. This was compared to the revised 0.1% growth seen in the first quarter, and …
Read More »The GDP report's case for rate cuts – Axios
The GDP report’s case for rate cuts Axios Trump pushes rate cut as Fed meets, second quarter data released Reuters Trump tears into Powell as Fed hold rates but says ‘I hear’ cut coming in September Yahoo Finance Fed meeting looms as Trump celebrates 3% GDP growth, pushes for rate cuts Fox Business Trump keeps up push for Powell, Fed to lower rates despite …
Read More »Wall Street mixed after GDP data; focus on Fed verdict, tech results – Reuters
Wall Street mixed after GDP data; focus on Fed verdict, tech results ReutersView Full Coverage on Google News Source link
Read More »GDP grows as Trump's trade agenda revamps the economy – Politico
GDP grows as Trump’s trade agenda revamps the economy Politico U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit CNBC US economy grew more than expected as Trump’s tariffs took hold ABC News Rebound in US economic growth in second quarter masks underlying slowing trend Reuters New GDP data leads Trump to change his mind about …
Read More »Fed expected to leave interest rates unchanged as US GDP exceeds forecasts | US interest rates
The US Federal Reserve will announce its latest decision on interest rates today amid intense pressure from Donald Trump to lower rates. Despite an onslaught of attacks from the White House against the Fed, officials at the central bank are expected to leave rates unchanged. Data released on Wednesday underlined the resilience of the US economy, which bounced back faster …
Read More »US goods trade deficit shrinks in likely boost to second-quarter GDP – Reuters
US goods trade deficit shrinks in likely boost to second-quarter GDP Reuters US Goods-Trade Deficit Narrows Thanks to Broad Drop in Imports Bloomberg.com Trade deficit sinks to 22-month low as businesses try to time Trump tariffs. GDP to get a boost. MarketWatch US goods trade deficit hits nearly two-year low as imports tumble Yahoo Finance U.S. Trade Deficit for Goods Shrinks The Wall Street Journal …
Read More »Pressure Mounts on Fed Chief Powell in Tee Up to GDP, Jobs Data – Bloomberg.com
Pressure Mounts on Fed Chief Powell in Tee Up to GDP, Jobs Data Bloomberg.com A Flood of Economic Data Is Coming. Pay Attention to the Unemployment Rate. Barron’s Wall Street barrels toward a big week: Fed meeting, Mag 7 earnings, jobs report, trade deadline CNBC Week Ahead for FX, Bonds: Fed Decision, U.S. Jobs Data, Tariff Deadline in Focus The Wall Street Journal Stock …
Read More »China's second-quarter GDP growth tops forecast even as US tariff risks mount – Reuters
China’s second-quarter GDP growth tops forecast even as US tariff risks mount Reuters China posts 5.2% GDP growth for Q2 CNN China’s Economy Grows Steadily Despite Trump’s Tariffs The New York Times Asia-Pacific markets mostly rise after China’s second-quarter growth beats estimates CNBC China growth slows as trade turmoil weighs on economy BBC Source link
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