From an initial report of 3.0% to a revised report of 3.3% second quarter growth. [BEA report HERE] Not a surprise, when we factor in the prediction we presented after the first quarter GDP.
However, it is nice to see the BEA finally admit, “The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP.” I digress.
WASHINGTON (AP) — The U.S. economy rebounded this spring from a first-quarter downturn due to fallout from President Donald Trump’s trade wars.
In an upgrade from its first estimate in July, the Commerce Department said Thursday that U.S. gross domestic product — the nation’s output of goods and services — expanded at a 3.3% annual pace from April through June after shrinking 0.5% in the first three months of 2025. The department had initially estimated second-quarter growth at 3%.
The first-quarter GDP drop, the first retreat of the U.S. economy in three years, was mainly caused by a surge in imports — which are subtracted from GDP — as businesses scrambled to bring in foreign goods ahead of Trump’s tariffs. That trend reversed as expected in the second quarter: Imports fell at a 29.8% pace, boosting April-June growth by more than 5 percentage points.
The Commerce Department reported that consumer spending and private investment were a bit stronger in the second quarter than it had first estimated.
Consumer spending, which accounts for about 70% of GDP, grew at a 1.6% annual pace, lackluster but better than 0.5% in the first quarter and the 1.4% the government initially estimated for the second. (read more)
The recession will have to wait, as the economy continues to grow, and while receipts from tariffs continue to pay down the federal debt companies are investing in U.S. at a historic rate.
Strong growth and no inflation! Q2 real #GDP revised up to 3.3% on the back of stronger than previously reported business investment. The CapEx comeback, the direct result of @POTUS’ OBBB, continues. It has soared over 15% annualized in the first half of 2025. The 2026 economic…
— Joseph Lavorgna (@Lavorgnanomics) August 28, 2025
CNBC: Second quarter GDP has been revised up to 3.3% — while inflation has been revised down to 2%, right on track with the Fed's target rate.
📈📈📈 pic.twitter.com/dYdMcbvGRQ
— Rapid Response 47 (@RapidResponse47) August 28, 2025
Oh. This kind of news must just bring the elbows up crowd to tears in the eye rage!! 🤣😂
So much fun to watch. Keep it up Howard. Canadians thought they could fight back, but we are losing massively and Trump is winning massively!!
I just love it!!
DD
I hate that you have to cheer on your own “losing” but you know inherently long term this is good for you the person when sanity is restored to Canada. Short term serious pain but long term its only way to survive as well “canada” … otherwise you are a call center, gas station, interstate hotel people country.
DITTOS !!!
The comments under Howard Lutnick’s tweet is indicative of how moronic some people can be.
This is the only site where I read the comments. My blood pressure thanks me.
Epic, ain’t it?
If PDJT found a magic phrase which cured cancer when spoken, they would decry the financial damage by him to the pharmaceutical industry.
Although we concentrate on the net GDP growth (allowing for inflation), for the purposes of the US Govt debt, it’s the gross GDP that’s important.
i.e. Real GDP = 3.3%. Gross GDP = 3.3 + 2 (inflation) = 5.3%.
This is important because the US treasury (if it takes all the taxes it should from the bigger economy) has taken in an extra 5.3%. It was $5 trillion in 2024. That means treasury has taken in an extra $267 Billion, which can be used to pay down that debt, unless Congress spends ever more.
This is why debtor nations always prefer some amount of inflation, hence the Feds target of 2% inflation, instead of 0%. That 2% helps pay down debt borrowed with pre inflation money.
What is blockchain? What is crypto? Really.
I’ve been trying to understand it for years and I haven’t a clue. My nephew has worked 2-3 years for a major bank dealing with crypto. I asked him about it and he says he doesn’t know anything about it either, except the part he can’t talk about. WTF?
I’m clutching my pearls finding out again the experts were wrong.
…And that the media is presenting it as an innocent, benevolently-motivated mistake — just like the previous million “mistakes”.
Are these truly “mistakes”?
Or, are they cleverly engineered deceptions that, in practice, weren’t so clever after all?
You nailed it.
Either they admit they were deceiving or they admit they really are that stupid.
It’s that simple and we both know what the answer is.
Experts of what? Usually one thing and completely stupid on everything else.
I believe that there are no “experts.” There are just people with educated opinions.
We used to call those a “SWAG.
Scientific
Wild
Assed
Guess!
I see what you did there!
Tremendous start.
I’d love to see concrete movement on domestic production of key pharmaceuticals.
<I’d love to see concrete movement on domestic production of key pharmaceuticals.>
Concrete movement is hard…
Pharmaceutical companies are set in their ways 🙂
Wordman killing it today agin and agin.
Yes, but the administration is working to cement a deal to make this happen.
“………..working to cement a deal……..”
*groan*
It will take time due to regulations and the process for setting up a production facility and line.
Well just don’t take anything for granite.
Can’t lower interest rates now, the economy is too hot. 🤪🤡.
If the globalists on the board of the fed quit dillydicking around and dropped interest rates by a full point, the economy would explode. Imagine the housing boom for the middle class if rates were back down in the 2% range
Imagine the housing boom if the illegal aliens were all deported and not competing for housing – prices might return to sanity and sales would take off
How about that.
The bias from AP hacks is always evident.
AP poses the downturn as a result of “Trump’s trade wars” yet the rebound is not credited to Trump.
One, all the numbers are as bogus as a Biden.
Second, FOMC will defer in Sept.
Third, Cook is safe.
Fourth, 2026 dem house leader impeaches POTUS.
Carry on.
I sure am glad you found out how to make the world turn on assumptions.
Are you Dan Q
Potatoe?
Watch and see.
Good Lord, the Dan Quayle potatoe elementary spelling bee reference is lame AF. Is your last name Hunt? 🤦♂️🤷♂️ Do you plan to quote Candace Bergen from her Murphy Brown days next. And a newsflash for you, O wise soothsayer of future happenings, no one here likes the Bush clan or their VPs. Globalist scum the whole lot. But back to you, what level of deluded bitterness is required to hang on to tidbits about Dan Quayle?
Did someone mention bitterness?
Hi Stella.
One, it’s impossible to have #’s as fake as Biden.
Second, FOMC’s agenda is becoming more transparent by the day, unlike the Fed remod.
Third, playing the race card doesn’t eliminate mortgage fraud.
Fourth, 2026 Dem house leader can try a third impeachment but if the first two didn’t work adding one more isn’t going to do anything either. Besides, with Democrats support for illegal aliens, obstructing Federal law enforcement (along with threats of unrest from local Democrat leaders), denial of crime problems in the cities they’ve run for years, and the mockery & persecution of Christians, I doubt if 2026 would favor Democrats even if they were successful.
Mortgage fraud from a DEI employee at the Fed; you know, the government entity that drives mortgage rates.
Cook is cooked.
She din do nuffin. It was a clerical error. She’s gonna lead us to the economic heights!
Add her thin academic record and plagiarism
Cook is safe.
Bill Pulte on X:
“Today, U.S. Federal Housing sent a 2nd Criminal Referral in the matter of Lisa D. Cook, related to a mortgage on a 3rd property and alleged misrepresentations about her properties to the United States Government during her time as Governor of the Federal Reserve. ”
3 properties. 3 sources of evidence. Paper trails on all three. Signatures of Cook on all three. Solid, hard evidence soon to be presented in a court of law.
My understanding is she allegedly signed a bank document to obtain a loan claiming the property was a “second home” and then, 8 months later, signed a government ethics document claiming the same property was “investment/rental” property. Both can’t be true.
Cook would be smart to make a deal and try to limit the damage, and possible prison time, that could easily be in her future. Forget the race card. She doesn’t have a winning hand to play.
Father Time is having a light chuckle at your fourth point.
Watch and see.
I am watching and seeing. ☺️
Somebody pee in your Post Toasties this morning? 😉
Success is no mistake.
The sad part is that any president could have done the things Trump is doing. But they didn’t. The pi** down my back and tell me it’s raining days are over.
Never get tired of WINNING.
That’s the one thing President Donald J. Trump was wrong about: we’ll never get tired of winning.
“We don’t deserve him” —Greg Gutfeld
We’ve come a long way since this puppet. . .
Winnamins!
Nice to see the revisions back to Q1 & the forced admission of the cause.
lol “… CNBC:… right on track with the Fed’s target rate.
Yeah the fed, that great institution.
It’s not like they can’t stick to budgets for their own building or get the data right which shows which way the wind is blowing /s
At least the BEA did not wait until late Friday afternoon to release this information.
I am always skeptical of government statistics whether they favor my side or not. Lies, damn lies, and statistics.
You are a rare bird, indeed.
Of course, Nicolle Wallace will avoid this story like the plague.
God gambled on choosing Trump and now we see God placed a winning bet.
Never fails: GDP is always revised upwards for GOP administrations and always revised downward for democrat administrations.
Because of course they did.
It’s called “Capital Flows”. Both France and the UK might need IMF bailouts. I’ve said before on here and I’ll say it again, There is no other place to park your money investments!
Does this mean we won’t get interest rate cuts because the economy is hot?
Just checked in for a brief moment. Hard to see bickering in comments. I hardly recognize the names I see recently. Usually with negative comments.
Would you prefer that everyone said the same thing?
That would be awfully boring, to say the least.
Of course we accept honest differences of opinion. But the unrecognized names along with the tone of the comments would lead one to believe that they are merely trolls trying to create as much controversy as possible. I consider CTH to be one of the few places you can find intelligent commentary without having to wade through all the derogatory left-wing posts. We could go to Fox News or any other of the msm if that was what we were looking for.
My comment can be read as sarcasm or as an honest question.
Do you believe the Federal Reserve is concerned if interest rates help or cause pain to average Americans? Do you believe Jerome Powell wants to help or hurt President Trump’s economic agenda?
Do you honestly think a continuation of America First policies would be the intent of this group?
The Fed is governed by politics. The country be damned. Wasn’t there clearly an effort to help Biden by cutting rates prior to the election?
President Trump has the goods on Powell.
The fraud being perpetrated by the unjustified cost of refurbishing the Fed Mahal is leverage to lower interest rates to where the President wants them.
… A clear effort to help Kamala, Biden’s replacement.
I would imagine as the Fed is inherently self-serving and it’s public mission is only for the PR.
The Fed serves much narrower interests that are usually not aligned with the majority of ours.
For the entire Biden hellscape term, these numbers were continually revised down, after the fact. Maybe its about time to clean house over there as well.
And yet the markets today were flat, you would think a rally on this kind of news.
At this rate, by the time President Trump leaves office, American GDP will have gone from 15 times that of Russia’s to 20 times that of Russia’s.
Go Trump!!!
“Trump’s economy just beat expectations AGAIN.”….
https://threadreaderapp.com/thread/1961153580494143851.html
How many magic wands does that idiot Drumphff have anyway?
BREAKING: The Fed Redefines A “Technical Recession” as Two Consecutive Quarters of positive growth > 3% in Real Gross Domestic Product (GDP). Developing …
But he eggs, the gas prices….the…
Nevermind.
Right on track with Fed’s 2% rate objective: you’re on a treadmill that always runs at least at 2mph, sometimes up to 12 mph, but never stops–and you’re chained to it, so no jumping off.
That’s the objective.
I wish “receipts from tariffs continue to pay down the federal debt”. Instead tariff receipts are going toward current spending, hopefully reducing the current deficit.
Good Grief!!!
If this keeps up we’re just liable to be within range of black ink territory.
Go Mr. President!
I know everyone is excited about this 3.3% but there are other, much bigger issues going on that you’re not being shown.
Capital is flowing into out markets through investments which is good. War is coming regardless of what you might hear and there is no other place to park your money. The rest of this story lies behind the scenes that no one seems to know much about so I’ll post the link below.
If any of you can, please, try and get out of debt. Please!
https://www.newyorkfed.org/microeconomics/hhdc
Better get your wartime coat out of the closet
It’s looking pretty golden!
I love that pic of President Trump.
He needs a sign for his desk that says, “Trump was right about everything”.