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IT preliminary estimate of GDP - Q2 2025
In the second quarter of 2025 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) decreased by 0.1 per cent with respect to the previous quarter and increased by 0.4 per cent over the same quarter of previous year. The second quarter of 2025 has had one working day less with respect to both the previous quarter and the same quarter of previous year. The quarter on quarter change is the result of a decrease of value added in both agriculture, forestry and fishing and in industry, whereas the contribution of services was null. From the demand side, there is a positive ... (full story)
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Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, ...
Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectati FOMC STATEMENT COMPARE: pic.twitter.com/3wayLXzIBa FOMC: VOTED 9-2 FOR FED FUNDS RATE ACTION Fed Governors Waller and Bowman dissented, preferring to lower the funds rate by a quarter of a percentage point. THE FEDERAL RESERVE KEPT ITS BENCHMARK INTEREST RATE STEADY AT 4.254.50%, NOTING ELEVATED ECONOMIC UNCERTAINTY, SLOWING GROWTH IN H1 2025, AND PERSISTENT INFLATION. || DESPITE A STRONG LABOR MARKET AND LOW UNEMPLOYMENT, FED GOVERNORS WALLER AND BOWMAN DISSENTED, FAVORING A 25BPS
The Timely Estimate of Quarterly Gross Domestic Product (EOPIBT) provides a short-term view of the evolution of the country's economic activities, 30 days after the end of the reference quarter. This is based on available statistical information, the statistical techniques and econometric models that best fit this information, as well as current ...