US economy increased more than expected: data

As new data Reported on Wednesday by the Department of Commerce, gross domestic product increased by 3% for April through a period of June, expecting a strong-to-second quarter.

“The summer word for the economy” is flexible, “said the Chief Economist to the Navy Federal Credit Union, Heather Long, CNBC. “The consumer is hanging there, but until business deals are done on the shore.”

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Hiring rebound

On Wednesday, ADP reported that hiring in private companies improved. Pararoll reversed the June loss of 23,000 jobs, with a seasonally adjusted 104,000 increase, with a total increase of 64,000 and crossed the expectations of Wall Street. (June was revised from 33,000.)

ADP Chief Economist Nela Richardson Told CNBC Their data is “roughly a sign of a healthy economy.”

“Employers have become more optimistic that the consumer, the backbone of the economy, will remain flexible,” Richardson said.

Will the fed cut rate?

Gregory bandages, the chief economist of Ey-Parthenon, hopes that the fed will not reduce the low rates in Wednesday’s meeting.

“Fed July FOMC meeting will be on hold with two governors with potential disintegration, but it is likely to indicate optionalism for the September rate cut, which is looking at the recession in the speed of the labor market in the next months,” the bandits said. entrepreneur In an email.

The bandits said they hope that “the actual GDP growth Q4 will slow down from 0.9% year-on-year by 2025.”

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