American gross domestic product (GDP) jumped 3% for the second quarter, significantly better than the 2.3% estimate. U.S. President Donald Trump responded to the GDP report with a fresh demand for the Federal Reserve to lower interest rates.
President Trump via Truth Social, July 30, 2025 at 8:38am EDT:
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Wednesday, July 30, 2025
U.S. GDP surges much better-than-expected to 3% for Q2; American consumer spending up 1.4%
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