On May 29, Jin10 reported that Granite Bay analyst Paul Stanley stated that the upward revision of the U.S. first-quarter GDP data is unlikely to change the Federal Reserve's wait-and-see stance. He expects the Federal Reserve to restart interest rate cuts this fall and mentioned that the Federal Reserve might cut rates 1 to 2 times in the last few months of 2025. According to data from the Chicago Mercantile Exchange (CME), this expectation aligns with market pricing. The second estimate of the U.S. first-quarter GDP shows an economic contraction of 0.2%, which is a slight improvement from the previously announced contraction of 0.3%.
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Analysts: The upward revision of the US GDP will not change the Federal Reserve's wait-and-see stance.
On May 29, Jin10 reported that Granite Bay analyst Paul Stanley stated that the upward revision of the U.S. first-quarter GDP data is unlikely to change the Federal Reserve's wait-and-see stance. He expects the Federal Reserve to restart interest rate cuts this fall and mentioned that the Federal Reserve might cut rates 1 to 2 times in the last few months of 2025. According to data from the Chicago Mercantile Exchange (CME), this expectation aligns with market pricing. The second estimate of the U.S. first-quarter GDP shows an economic contraction of 0.2%, which is a slight improvement from the previously announced contraction of 0.3%.