Strong economic growth may force the Federal Reserve to postpone interest rate cuts. Economists surveyed by FactSet generally predict that the annualized growth rate of the US GDP in the adjusted second quarter for inflation factors will be 1.9%. The latest forecast from New York Fed Nowcast staff predicts that the US economy will grow by 2.2%, while the GDPNow model from the Atlanta Fed's latest estimate is 2.6%. Beth Ann Bovino, chief economist at U.S. Bancorp, believes that actual GDP growth is likely to be slightly above 2%, which may be a challenge for the Fed. "Everyone wants to see the 'blond girl' - an economy that's not too hot or too cold." "If GDP is slightly higher than 2%, the Fed can still handle it well, but if (GDP growth) is much higher than that, it may be a challenge for market expectations of a rate cut in September."
美国合众银行:美国强劲的GDP增长将对市场构成挑战
U.S. Bancorp: Strong GDP growth in the United States will present challenges for the market.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.