The US Q2 GDP released on Wednesday evening had a previous value of -0.5%, with market expectations of 2.4%. However, GDPNow's expectation was 2.9%, slightly higher than market expectations, indicating a strong rebound in the US economy in Q2 from the technical contraction or extremely low growth of the previous quarter. Both nominal and seasonally adjusted annualized growth have significantly improved. This may mean significant economic recovery momentum and a rebound in business and consumer spending. The main reason is that the increase in net exports offset the decline in private domestic investment growth in the United States, which means that the US economy is likely to be better than market expectations. Of course, the main reason is that during the tariff suspension period, US exports increased compared to the first quarter, and the decrease in the first quarter was also due to the expectation of tariffs. But this may not necessarily be good news for the Federal Reserve to cut interest rates, as the strength of the US economy is evident, and the newly added tariffs will inevitably have an impact on inflation. The economic upswing also gives the Federal Reserve the confidence to observe for a longer period of time. This article is sponsored by Bitget | @ Bitgetzh