The American economy is fine. Despite customs charges that mark the beginning of the year, American GDP has increased by 3% in the second quarter, in annualized rhythm; This means that if this rhythm remained for 12 months, growth would be 3%.
This represents a strong acceleration compared to the last quarter, which had seen that the GDP falling 0.5% in the annualized rhythm. For three months, the flagship indicator increased by 0.7%. Among the engines, the strong drop in imports and good consumption in the proportion of households, according to the United States Department of Commerce.
Donald Trump praised the figure, remembering that it was “much better than expected.” He also approached Jerome Powell, the chief of the Fed, who considers that there is a lack of response capacity and should reduce interest rates.
The US Federal Monetary Policy Committee has gathered since yesterday to decide on the level of rates. Analysts do not expect a movement. They are currently between 4.25 and 4.5%, approximately twice as in the European Union.
However, contrary to what Donald Trump states, inflation remains high and extends: consumer prices (CPI) accelerated in June, to +0.3% for a month, in line with the expectations of analysts and after +0.1% in May. The price increase now reaches 2.7% at an annual rate. Against 2% in June in Europe, almost stable (+0.1% for a month).
The US economy is also solid on the work side: the latest figures on employment creations in July are good, with 104,000 created positions, against a destruction of 23,000 jobs in June, according to the monthly survey ADP/Stanford Lab.
Source: BFM TV
