The GPD report for the second quarter of the year in the United States is out and paints a more promising picture, registering an annualized rate of 3% in this period compared to last year\u2019s.<\/p>\n
Immediately after the news went out, US President Donald Trump reiterated his stance that the Federal Reserve needs to lower the interest rates as soon as today.<\/p>\n
Perhaps in an attempt to prepare for Trump\u2019s tariffs against multiple key partners, businesses piled up in Q1 this year, which resulted in less economic expansion.<\/p>\n
The difference in Q2 is quite evident, given the aforementioned 3% increase, as many of those entities scaled back on imports. According<\/a> to CNN, most experts anticipated a more modest 2% growth.<\/p>\n Consequently, the gross domestic product\u2019s (GDP) rise in Q2 of 3% helps Trump\u2019s agenda to push for an interest rate cut after the -0.5% correction observed in the first quarter of 2025, which was the first decline in three years.<\/p>\n TRUMP: 2Q GDP JUST OUT, WAY BETTER THAN EXPECTED<\/p>\n \u2014 *Walter Bloomberg (@DeItaone) July 30, 2025<\/a><\/p>\n\n The POTUS was quick to praise the development, and used it as an opportunity to pressure<\/a> Fed Chair Jerome Powell to cut the rates as he has done multiple times in the past. In fact, in one of those reiterations, Trump urged<\/a> the most significant rate cut in the history of 3 basis points.<\/p>\n BTC\u2019s price follows the macro developments in the world\u2019s largest economy, and its movements are tightly correlated<\/a> to the nation\u2019s interest rate policy. Still being considered a riskier asset, it tends to benefit from an environment with lower rates.<\/p>\n This hasn\u2019t stopped it from thriving for the past year or so. However, it has stalled below the most recent all-time high of over $123,000, charted a couple of weeks ago, and many experts believe a potential rate cut could lead to further gains. However, the chances of this happening later today during the FOMC meeting are very slim.<\/p>\n The post Trump Pressures Powell to Cut Rates Again as US Economy Outperforms in Q2<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The GPD report for the second quarter of the year in the United States is out and paints a more promising picture, registering an annualized rate of 3% in this period compared to last year\u2019s. Immediately after the news went out, US President Donald Trump reiterated his stance that the Federal Reserve needs to lower […]<\/p>\n","protected":false},"author":0,"featured_media":85008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85007"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85007"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85008"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}