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US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth
The U.S. economy expanded at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. U.S. gross domestic product — the nation’s output of goods and services — rebounded in the spring from a 0.6% first-quarter drop caused by fallout from President Donald Trump’s trade wars, the Commerce Department said Thursday. The department had previously estimated second-quarter growth at 3.3%. The first-quarter GDP drop, the first retreat of the U.S. economy in three years, was mainly caused by a surge in imports — which are subtracted ... (full story)
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From kansascityfed.org|Sep 25, 2025Thank you for the invitation to join you this morning. I appreciate the opportunity to speak with you, and I look forward to our discussion. I will spend most of my time speaking about the Fed’s role as a supervisor and regulator of the nation’s banking system, but with the recent Federal Open Market Committee meeting attracting much attention, I will first offer a few words on last week’s monetary policy decision and my thoughts on the outlook for policy going forward. As I am sure you are all aware, the FOMC lowered its target policy rate by 25 basis points last week. I supported this decision. Let me explain my thinking. In setting policy, I, like other members of the FOMC, am guided by the Fed’s congressionally determined dual mandate of price stability and full employment. Currently, we are close to meeting this mandate, and as close as we have been for some time. Inflation is running around 2½ percent, which is above but near the Fed’s 2 percent definition of price stability. Looking through the effects of declining energy prices, inflation has been closer to 3 percent. The unemployment rate in August was 4.3 percen *SCHMID: INFLATION REMAINS TOO HIGH, LABOR MKT. STILL IN BALANCE *FED'S SCHMID SAYS LABOR MARKET SHOWED RISK OF ABRUPT WEAKENING *SCHMID: QUARTER-POINT CUT WAS REASONABLE RISK-MANAGEMENT MOVE Fed's Schmid: Fed policy is slightly restrictive; which is the right place to be. Fed's Schmid: Going forward will be data-dependent on monetary policy choices
From conference-board.org|Sep 25, 2025The Conference Board Leading Economic Index® (LEI) for China decreased by 0.5% in August 2025 to 146.7 (2016=100), after also contracting by 0.3% in July. As a result, the LEI ...
From breakingthenews.net|Sep 25, 2025Durable goods orders in the United States increased by 2.9% in August compared to the previous month, amounting to $312.1 billion, according to a report published by the Census ...
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From cnbc.com|Sep 25, 2025|22 commentsInitial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger. ...
From nar.realtor|Sep 25, 2025Existing-home sales remained essentially the same in August, ticking down by 0.2% from July, according to the National Association of REALTORS® Existing-Home Sales Report. The ...
From @Top_Bloomberg|Sep 25, 2025|13 comments*FED'S BOWMAN SAYS LABOR MARKET MORE FRAGILE THAN EXPECTED *BOWMAN SAYS FED IS WITHIN RANGE OF FED 2% INFLATION TARGET *BOWMAN SAYS APPROPRIATE TO SHIFT TO JOBS INSTEAD OF INFLATION BOWMAN SAYS TARIFFS WILL HAVE ONE-TIME PRICE IMPACT - Fed's Bowman indicates foreign suppliers are absorbing some tariff costs - This could influence trade dynamics and pricing strategies - Market watchers should keep an eye on the implications for U.S. trade relations
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- Sep 25, 2025 8:04am Posted byFundamental Analysis138,129
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