American gross domestic product (GDP) jumped 3% for the second quarter, significantly better than the 2.3% estimate. U.S. President Donald Trump responded to the GDP report with a fresh demand for the Federal Reserve to lower interest rates.
The U.S. economy grew at a much stronger-than-expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength, the Commerce Department reported Wednesday.
Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April through June period, according to figures adjusted for seasonality and inflation.
That topped the Dow Jones estimate for 2.3%…
“The anti Trump story has been that we’re going to have a recession or a depression because of the tariffs, which are going to jack up prices and cause consumers to run for the exits” Kevin Hassett, National Economic Council director, said on CNBC. “In fact, every single thing about this GDP release has shown strength.”
Consumer spending rose 1.4% in the second quarter, better than the 0.5% in the prior period.
The Fed meets later Wednesday and is expected to hold its key overnight borrowing rate steady in a 4.25%-4.5% range, where it has been since December.
Trump responded to the GDP report with a fresh demand for the Federal Reserve to lower interest rates.
President Trump via Truth Social, July 30, 2025 at 8:38am EDT:
2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! “Too Late” [Federal Reserve Chair Jerome Powell] MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!
MacDailyNews Note: In fiscal year 2024, it’s estimated that roughly 35% of Apple’s total revenue, or about $136.86 billion, came from the U.S. market. In terms of revenue, America is Apple’s single largest market compared to other regions like Europe (24%) or Greater China (18%).
Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
You’re welcome. Again.
MAGA. 🇺🇸
Front loading before your cost of living increases 15% next year. You already know this, but it’s interesting to watch you deny that tariffs are hugely inflationary and you cannot replace all the stuff you buy with whatever you find inside your moat.
trump is known for cooking the books
Please provide proof. Links? Anything??
Convicted:
https://abcnews.go.com/US/live-updates/trump-fraud-trial?id=103642561&offset=459
Trump’s legal team is appealing the conviction, citing issues like the Supreme Court’s immunity ruling and the use of an uncharged federal crime to elevate the charges. Most sane legal experts believe the New York Court of Appeals or even the U.S. Supreme Court will overturn the conviction, as many procedural errors and/or the immunity ruling will render the political witch hunt invalid.
The unconditional discharge sentence in itself proves that the conviction lacks weight. If the crimes were at all serious, a harsher penalty would have been imposed, suggesting that even the compromised Judge Juan Merchan recognized the case’s inherent limitations and the likelihood of President Trump. winning on appeal.
That “convicted” BS worked so well for you anti-American leftists last election. Keep it up, bless your heart.
so all you have to do is appeal to be one your “doesn’t look guilty to me” list?
you legal eagles are hilarious.
bless your twisted pathetic little hearts.
you really didn’t know he was convicted of cooking his business books?
So looks like Trump did trash the economy and fool us for a bit. Now it’s come crashing down.
Hope you can all cash out quickly or be prepared to ride out the storm for a while.