Oh, I forgot to add one sentence. According to the official explanation, the GDP data in the second quarter was mainly driven by the growth of personal consumption expenditures, which was expected to be 2.3%, but actually increased by 2.9%. Why didn't this data come out when Bao talked about inflationary pressure in the second quarter?

Awesome, really awesome, the data is revised like this, right?

The revised value of the second quarter GDP quarterly rate was actually revised upwards. Is it really for the sake of maintaining stability, ignoring the international credit of the dollar in order to stabilize it?

There was a large-scale reduction in the non-farm employment rate before. Although it was only revised to April this year, the market has naturally lowered its expectations for non-farm data, but the GDP dared to be revised upwards. It's really awesome! I admire it.

Aren't you afraid of bringing more pressure to the GDP in the third quarter by revising the data like this? October is the time when the initial value of GDP in the third quarter is announced. One month after the interest rate cut, the GDP is now revised upward. Is it planning to revise the third and fourth quarters together?

Before the interest rate cut, the United States tried to use various data to prove the strength and resilience of the US economy. This shows how much it fears the negative effects of the interest rate cut. The more it revise, the more afraid it is of the economy after the interest rate cut.

From this point of view, the so-called soft landing, the Federal Reserve probably knows that it is a "joke" even behind closed doors. Now it depends on whether the market recognizes this "strong" economic data!

The fluctuation of initial unemployment claims data is too small to be ignored.
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