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  • US Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), Second Quarter 2024 and Comprehensive Update

    From bea.gov

    Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2024 (table 1), according to the "third" estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP increased 1.6 percent (revised). The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was also 3.0 percent. The update primarily reflected upward revisions to private inventory investment and federal government spending that were offset by downward revisions ... (full story)

Added at 8:43am

  • Steady as she goes: US GDP holds firm at 3.0%

    From ca.investing.com

    In the latest economic data, the US Gross Domestic Product (GDP) remained steady, matching both forecasted and previous figures. The GDP, which measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy, is a key indicator of the nation's economic health. The actual GDP figure came in at 3.0%, exactly as predicted by economists. This figure represents a continuation of the previous month's growth rate, indicating a steady and consistent economic expansion. The GDP figure is in line with the forecasted rate of 3.0%, showing that the economy is performing as ... (full story)

Another rate cut next month. Dollar still weak
The economy is now perfect according to the numbers, there won't be need for higher interest rate.
Unlikely now for 50bps maybe won’t even get 25 data is good no need to use bullets let it ride
ordres up , inflation follows ..
Quoting Vancarbon
{quote} Why would these numbers warrant another cut ? They probably will , but it’d be politically motivated as these numbers don’t warrant any change.
I think the FED have already set the course honestly with a lot of their verbiage and it just seems like it's the changing of the guard in their policies. I agree data wise you wouldn't think it needed a major rejigger. Bowman is the one I'm siding with currently with but I'm guessing they're a lot of looming variables for them like the interest payments and some other stuff down the pipeline that we might not be privy too. These moves do feel like they know something is coming down the pipeline or they want to get into a protective stance.
The solution is (x).
Until the rate cut ends, Gold will remain bullish. it will be stepping with on-the-spot minor corrections. Gold is stepping towards 3000
I am new to fundamental analysis, I have a question to ask, as the GDP is stuck at 3.0 again, how would it affect the USD based pairs???
Before the storm there's always a calm.
If you believe those Numbers....hmmmm there is a bridge out there for sale .....
Whoever thinks the fed is “politically motivated” is just brainwashed by conspiracy theories. They don’t give a damn about the politics.
WHO LET THEM COOK
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