Trump Pressures Powell to Cut Rates Again as US Economy Outperforms in Q2

The GPD report for the second quarter of the 12 months in the US is out and paints a extra promising image, registering an annualized charge of three% on this interval in comparison with final 12 months’s.

Instantly after the information went out, US President Donald Trump reiterated his stance that the Federal Reserve must decrease the rates of interest as quickly as right now.

Maybe in an try to arrange for Trump’s tariffs towards a number of key companions, companies piled up in Q1 this 12 months, which resulted in much less financial enlargement.

The distinction in Q2 is sort of evident, given the aforementioned 3% enhance, as a lot of these entities scaled again on imports. According to CNN, most specialists anticipated a extra modest 2% development.

Consequently, the gross home product’s (GDP) rise in Q2 of three% helps Trump’s agenda to push for an rate of interest lower after the -0.5% correction noticed within the first quarter of 2025, which was the primary decline in three years.

TRUMP: 2Q GDP JUST OUT, WAY BETTER THAN EXPECTED

— *Walter Bloomberg (@DeItaone) July 30, 2025

The POTUS was fast to reward the event, and used it as a chance to pressure Fed Chair Jerome Powell to chop the charges as he has achieved a number of occasions up to now. The truth is, in a kind of reiterations, Trump urged essentially the most important charge lower within the historical past of three foundation factors.

BTC’s worth follows the macro developments on the planet’s largest financial system, and its actions are tightly correlated to the nation’s rate of interest coverage. Nonetheless being thought-about a riskier asset, it tends to profit from an setting with decrease charges.

This hasn’t stopped it from thriving for the previous 12 months or so. Nevertheless, it has stalled beneath the latest all-time excessive of over $123,000, charted a few weeks in the past, and lots of specialists consider a possible charge lower may result in additional positive aspects. Nevertheless, the probabilities of this taking place later right now in the course of the FOMC assembly are very slim.