The US economy rebounded in the second fiscal quarter of the year, growing at a better thanex expected rate despite President Trump's tariffs. The country's GDP grew at a 3% pace from April to June, reversing a.5 decline from the previous quarter. Consumer spending also rose.But the growth comes despite a sharp decline in imports, which dropped by 30.3%. The Wall Street Journal editorial board called it the weirdest GDP report ever, while President Trump touted the growth as a success. all expectations.They ...

Bangladesh’s central bank kept its benchmark interest rates unchanged for the fourth straight meeting, as policymakers remain on guard amid tariff uncertainty. https://t.co/qhoTd72eWC ...

Trump thinks Powell will cut rates in September... 👀 https://t.co/L3NOCkkJ0g ...

Money markets add to bets that the ECB will hold rates at 2% through to year-end https://t.co/iTuuSdT7aa ...

Powell didn't cut rates yesterday.But once he does...Bitcoin & Altcoins will explode! https://t.co/oKkUoEeGPr ...

Australian retail sales came in stronger than forecast in the final reading of the series, running counter to recent data that’s supported the Reserve Bank cutting interest rates as early as next month https://t.co/KI76fENal6 ...

I cant believe the guy who said he didn't wanna cut rates did not actually cut rates ...

Hey everyone and thanks for jumping back into the macroverse. Today we're going to talk about the most recent FOMC and we'll of course talk about the crypto markets as well and some of the longerterm trends there. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and check out the sale on into the cryptoverse premium at into the cryptoverse.com. Powell basically said a lot of the same things he always says today. Uh but just so you know, in case you're curious ...

Monetary Policy - The Federal Reserve maintained its key interest rate [1] - Two Fed governors dissented, advocating for a 0.25 percentage point rate decrease [1] - The President argued against predictions of tariff-induced price increases [1] - The President highlighted a 3% US economic growth last quarter, exceeding expectations [2] - The Fed chair stated the economy is solid despite the trade war, with low unemployment and a strong labor market [3][4] Economic Outlook - Increased imports by some companies ahead of tariffs contributed to economic growth [2] - Higher tariffs are starting to impact the prices of some goods [4] - The overall effects of tariffs on economic activity and inflation are still uncertain [4]

Monetary Policy Stance - The Federal Reserve decided to hold interest rates steady for the fifth consecutive meeting, indicating a pause in rate adjustments [1] - Two Fed governors dissented, favoring interest rate cuts, marking the first time in over 30 years that two governors have dissented at a meeting [1] - The debate centers on whether tariff-related inflation should be treated as a one-off event or a persistent pressure [1] - The Fed is closely monitoring incoming data, including inflation numbers and jobs reports, to make future decisions regarding interest rates [5][6] - The Fed aims to manage inflation efficiently without causing unnecessary damage to the labor market [4] Economic Assessment - The US economy is considered to be in a solid position, with a low unemployment rate and a labor market at or near maximum employment [1] - Elevated uncertainty persists despite the economy's solid position [1] Future Outlook - The Fed has not made any decisions about potential interest rate cuts in September and will evaluate data to determine if the federal funds rate is appropriate [5] - The Fed acknowledges the risk of moving too soon (potentially not fixing inflation) or too late (potentially damaging the labor market) [4]