PANews reported on July 25 that according to Jinshi, institutional analysis believes that the US economy grew faster than expected in the second quarter, but inflation has fallen back, and the Fed's expectations of a rate cut in September have not been affected. The second-quarter GDP data released by the United States on Thursday grew by 2.8%. Economists surveyed by Reuters had predicted that GDP would grow at a rate of 2.0%. The growth rate is expected to be between 1.1% and 3.4%. Despite the Fed's sharp interest rate hikes in 2022 and 2023, the US economy is still outperforming its global peers. Although the unemployment rate has risen to a two-and-a-half-year high of 4.1%, the US economy is still supported by the resilience of the labor market. Core PCE grew 2.9% in the second quarter after surging 3.7% in the first quarter, which is good news for the Fed next week.