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United States latest second-quarter GDP data and the correction of past data showed that last 3 quarters of GDP only increased by an average of 1%, less than the Fed’s expectations. United States second-quarter GDP growth rate was only 1.2%, far less than the expected 2.5%; businesses cut inventories, capital investment decreased was offset by strength in consumer spending. GDP growth was revised down from 1.1% to 0.8% in the first quarter, the fourth quarter growth was revised down from 1.4% to 0.9%. 1xbet the only bright spot in the report is that the momentum of inventory reduction may be reversed as early as this quarter, which will raise its GDP growth rates.
BMO says business inventories decreased drag down GDP growth by about 1.2%. Given the strong consumer spending, inventory in the third quarter should be “rapid recovery”. But the data will allow policy makers were disappointed, the Fed may wait at the September meeting, which further delay raising interest rates. Mitsubishi Tokyo UFJ Bank, United States GDP data showed that the economy in the 1% of “derailment speed” forward, look forward to United States economic growth to boost the global economic recovery, but now the United States economic output but on the line. Or deferred interest rate policy of the Federal Reserve. Market Securities view that United States GDP suggest that annual economic growth in the second quarter, only 1.5% or lower, weaker corporate earnings, political uncertainties weigh on business investment. In the context of low inflation, expected the next rate hike will be delayed even longer.
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