tl;dr
The recent US GDP data, showing a 2.8% growth in Q2, has raised doubts about the anticipated rate cut by the Federal Reserve in September. The stronger-than-expected economic performance has led to a reconsideration of the central bank’s policy direction, dampening market hopes for a rate cut. The s...
US GDP Data Weighs on Market Sentiment
The recent US GDP data, showing a 2.8% growth in Q2, has raised doubts about the anticipated rate cut by the Federal Reserve in September. The stronger-than-expected economic performance has led to a reconsideration of the central bank’s policy direction, dampening market hopes for a rate cut. The shift in market sentiment is reflected in the CME FedWatch Tool, which previously indicated over a 90% probability of a rate cut but now shows around 85%, highlighting growing uncertainty among investors about the Fed’s next move. With the economy showing resilience, there may be less urgency for the Fed to reduce rates, potentially leading to a more cautious, wait-and-see approach.
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The latest US GDP figures have surprised many, showing a robust 2.8% growth in the second quarter. The data came in significantly higher than the 1.4% growth seen in the previous quarter and market expectations of 2%. This unexpected economic resilience has led to a reconsideration of the central bank’s policy direction while dampening the market hopes. The stronger-than-expected economic performance has led to a reconsideration of the central bank’s policy direction, dampening market hopes for a rate cut. The shift in market sentiment is reflected in the CME FedWatch Tool, which previously indicated over a 90% probability of a rate cut but now shows around 85%, highlighting growing uncertainty among investors about the Fed’s next move. With the economy showing resilience, there may be less urgency for the Fed to reduce rates, potentially leading to a more cautious, wait-and-see approach.
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The latest US GDP figures have surprised many, showing a robust 2.8% growth in the second quarter. The data came in significantly higher than the 1.4% growth seen in the previous quarter and market expectations of 2%. This unexpected economic resilience has raised doubts about the anticipated rate cut by the Federal Reserve in September, potentially leading to a more cautious, wait-and-see approach.
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The latest US GDP figures have surprised many, showing a robust 2.8% growth in the second quarter. The data came in significantly higher than the 1.4% growth seen in the previous quarter and market expectations of 2%. This unexpected economic resilience has raised doubts about the anticipated rate cut by the Federal Reserve in September, potentially leading to a more cautious, wait-and-see approach.
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The latest US GDP figures have surprised many, showing a robust 2.8% growth in the second quarter. The data came in significantly higher than the 1.4% growth seen in the previous quarter and market expectations of 2%. This unexpected economic resilience has raised doubts about the anticipated rate cut by the Federal Reserve in September, potentially leading to a more cautious, wait-and-see approach.
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The latest US GDP figures have surprised many, showing a robust 2.8% growth in the second quarter. The data came in significantly higher than the 1.4% growth seen in the previous quarter and market expectations of 2%. This unexpected economic resilience has raised doubts about the anticipated rate cut by the Federal Reserve in September, potentially leading to a more cautious, wait-and-see approach.
What’s Next?
The CME FedWatch Tool, a crucial barometer for gauging market expectations regarding Federal Reserve policy, has shown a shift in investor sentiment. Before the US GDP data release, there was over a 90% probability of a rate cut in September. However, this probability has now dropped to around 85%, reflecting the growing uncertainty among investors about the Fed’s next move. With the unexpected economic resilience, there might be less urgency for the Fed to reduce rates, potentially leading to a more cautious, wait-and-see approach.
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Manufacturing
Sector: Motor Vehicles & Passenger Car Bodies
Market Cap: 690.01 billion
Price: $60.67
Dividend Yield: None
EPS: 3.56
P/E Ratio: 29.93
Return on Equity: 0.13
Revenue: 95.31 billion
Net Income: 203.52
Debt to Equity: -0.456
Price to Book: 0.023
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Sector: LIFE SCIENCES
Industry: LABORATORY ANALYTICAL INSTRUMENTS
Market Cap: 22.71B
Dividend Yield: None
EBITDA: None
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EPS: 5.3
Profit Margin: -0.423
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52-Week High/Low: 0/0.05
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Sector: Real Estate & Construction, Blank Checks
Stock Symbol: 1128167000
Previous Close: -0.12
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Bid: 0
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Day's Range: 11.75
52-Week Range: 0.297 - 0