Sina Foreign Exchange News reported last night that the final quarterly rate of real GDP in the second quarter of the United States reached 2% at 8.30 p.m., which was in line with expectations and had no significant impact on U.S. stocks.
However, some analysts pointed out that the contraction of corporate investment in the second quarter of the United States was bigger than expected, and the tepid growth of corporate profits cast a shadow on the economy, while financial market fears about the economic recession were hanging over the economy. In addition, some economists expect the U.S. economy to grow by about 2.5% this year, below the Trump administration's target of 3%.
Important data released last night also included:
The final annual quarterly rate of the core PCE price index in the second quarter of the United States was 1.9%, slightly higher than the expected 1.7%.
The final quarterly rate of real consumer spending in the United States in the second quarter was 4.6%, lower than expected and 4.7% of the previous value.
Fed Vice President Clarida did not mention monetary policy in his speech, but stressed that the key now is to understand whether inflation strategies are really effective.
Comment: Because GDP data are consistent with expectations, it has little short-term impact on the market. Of course, shrinking corporate investment is a disadvantage to economic growth, but this has been widely anticipated. The key point is that the final annual quarterly rate of China's core PCE price index in the second quarter was 1.9%, which is much better than expected and expected. If inflation rises, then the need for the Fed to cut interest rates clearly falls further. That's the bullish dollar news. Yesterday, the vice chairman of the Federal Reserve also stressed that the market is concerned about inflation. Today, the monthly and annual rate of the core PCE price index in August will be announced at 20:30. If it stays high, then there will be more pressure on gold to adjust, and there is still a chance for the dollar to continue to rise.
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