{"id":134161,"date":"2024-07-26T15:59:44","date_gmt":"2024-07-26T12:59:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134161"},"modified":"2024-07-26T15:59:44","modified_gmt":"2024-07-26T12:59:44","slug":"u-s-economy-stands-strong-after-stock-market-crash-and-crypto-correction","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-s-economy-stands-strong-after-stock-market-crash-and-crypto-correction\/","title":{"rendered":"U.S. Economy Stands Strong After Stock Market Crash and Crypto Correction"},"content":{"rendered":"
In June, the Federal Reserve\u2019s main inflation measure exceeded expectations. As a result, S&P 500 futures maintained strong overnight gains while investors considered the implications for the upcoming Fed meeting and potential rate cuts.<\/p>\n
The personal consumption expenditures (PCE) price index rose<\/a><\/strong> by 0.1%, meeting forecasts, while the annual headline inflation rate decreased to 2.5%, also matching predictions. The core PCE price index, which excludes food and energy prices, increased by 0.2%, higher than the expected 0.1%, with the 12-month core inflation rate holding at 2.6%, above the anticipated 2.5%.<\/p>\n Before Thursday\u2019s data release, forecasts had indicated the Fed\u2019s core inflation gauge would slightly exceed expectations in Q2 at 2.9%, compared to the forecasted 2.7%, but down from 3.7% in Q1. Additionally, GDP growth improved to 2.8% from the previous quarter\u2019s 1.4%.<\/p>\n Recently, Fed Chairman Jerome Powell has taken a dovish stance, noting the return of the disinflationary trend and a balanced labor market that poses no significant inflationary threat.<\/p>\n Additionally, the Bureau of Economic Analysis\u2019s advance estimate revealed<\/a><\/strong> that the US gross domestic product (GDP) grew at an annualized rate of 2.8% in the second quarter, surpassing the 2% growth predicted by Bloomberg-surveyed economists.<\/p>\n This seems rather strange as many people expect american economy only to deteriorate with the current Fed policy (or atleast until they cut the rates). Especially given the fact that one day prior to this data the stock market crashed<\/a><\/strong> and lost over $1 trillion \u2013 a drop not seen in the past 2 years.<\/p>\nRead More:<\/h5>\n \n
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