The US GDP growth for the second quarter of 2025 came in at 3%, surpassing expectations. Trade reversal was a major factor contributing to this growth as imports decreased following a surge in the first quarter due to tariffs. Despite this positive growth, concerns remain about consumer sentiment and domestic demand, with expectations for a 1.5% growth rate in the third quarter. The Federal Reserve is not expected to cut rates today, as the economy continues to add jobs and uncertainty remains regarding the impact of tariffs on inflation. Fed Governors Waller and Bowman may vote for a rate cut, but the rest of the committee is likely to oppose it.

Read more at Investing.com: Strong Headline Growth in the US Masks Cooler Domestic Demand