Donald Trump boldly claimed that the U.S. GDP growth rate could hit 20% and demanded the Federal Reserve to cut interest rates.
1 hours ago
US President Trump stated that the US GDP growth rate could reach 14%, 15%, 16% or even 20%. Even with such rapid economic expansion, this should not be a reason for the Federal Reserve to raise interest rates. He claimed that "success in growth will not trigger inflation" and demanded that the US have "the lowest interest rates in the world". The US July PCE price index rose 3.7% year-on-year, still above the Fed's 2% inflation target. Markets widely expect the FOMC to raise interest rates in September. Data from the US Bureau of Economic Analysis shows that since 1947, the US real GDP annualized quarterly growth rate has hit or exceeded 20% only once: the 34.9% rebound in the third quarter of 2020 after the end of pandemic lockdowns. The US real GDP annualized growth rate in the second quarter of 2026 stood at 1.5%, down from 2.1% in the first quarter. Trump also said he has great respect for Fed Chair Walsh, believing that he "will do what needs to be done" on interest rate matters. Walsh recently noted that if inflation cannot be confirmed to be falling back toward the 2% target, the Fed "will have work to do". (Jinshi)
Robinhood Chain’s long-linked tokens and meme coins rally broadly, with BONER surging over 400% in 24 hours.
1 minutes ago
Shein opened flat on its first day of trading, currently trading at HK$48.56.
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Lee Jae-myung: A rate hike is inevitable.
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Pons: Token Creators Have Earned Over $25 Million in Cumulative Transaction Fees
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CZ: Crypto industry has weathered the harshest "winter" and its fundamentals are healthy.
1 minutes ago
Strategy maintains STRC's September dividend yield at 12.00%
1 minutes ago
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