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The GPD report for the second quarter of the year in the United States is out and paints a more promising picture, registering an annualized rate of 3% in this period compared to last year\u2019s.<\/p>\n
Immediately after the news went out, US President Donald Trump reiterated his stance that the Federal Reserve needs to lower the interest rates as soon as today.<\/p>\n
Perhaps in an attempt to prepare for Trump\u2019s tariffs against multiple key partners, businesses piled up in Q1 this year, which resulted in less economic expansion.<\/p>\n
The difference in Q2 is quite evident, given the aforementioned 3% increase, as many of those entities scaled back on imports. According<\/a> to CNN, most experts anticipated a more modest 2% growth.<\/p>\n Consequently, the gross domestic product\u2019s (GDP) rise in Q2 of 3% helps Trump\u2019s agenda to push for an interest rate cut after the -0.5% correction observed in the first quarter of 2025, which was the first decline in three years.<\/p>\n TRUMP: 2Q GDP JUST OUT, WAY BETTER THAN EXPECTED<\/p>\n \u2014 *Walter Bloomberg (@DeItaone) July 30, 2025<\/a><\/p>\n<\/blockquote>\n The POTUS was quick to praise the development, and used it as an opportunity to pressure<\/a> Fed Chair Jerome Powell to cut the rates as he has done multiple times in the past. In fact, in one of those reiterations, Trump urged<\/a> the most significant rate cut in the history of 3 basis points.<\/p>\n BTC\u2019s price follows the macro developments in the world\u2019s largest economy, and its movements are tightly correlated<\/a> to the nation\u2019s interest rate policy. Still being considered a riskier asset, it tends to benefit from an environment with lower rates.<\/p>\n This hasn\u2019t stopped it from thriving for the past year or so. However, it has stalled below the most recent all-time high of over $123,000, charted a couple of weeks ago, and many experts believe a potential rate cut could lead to further gains. However, the chances of this happening later today during the FOMC meeting are very slim.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n