USA: strongest GDP in 2 years 📈

💲Unexpected jump: the economy grew by 3.8% in the 2nd quarter — above forecasts (3.3%) and after a decline of -0.6% in the 1st quarter.

⚖️ What is important to understand

💰Consumption and investments within the country also grew by almost 3%. This means that the economy is growing not just on paper — people continue to spend, and businesses invest.

📌 Comparison with August

A month ago I wrote that the growth of 3.3% was largely explained by fluctuations in imports.

Now, after revising the data, the picture looks stronger: the contribution of consumption and investments turned out to be higher than expected, while the effect of imports was less.

💡 What this means for the market

Strong data gives the Fed another argument not to rush into lowering rates: the economy is currently coping confidently.

For the market, this is a signal to temper excessive optimism regarding another reduction. This is why the markets went into correction yesterday.

#usa #TRUMP #BankOfAmerica #BinanceSquareFamily #BinanceSquareTalks