U.S. Economic Growth Remains Strong

The U.S. economy remains strong following a massive Fed rate cut.

New Q2 economic data shows that the total nominal gross domestic product (GDP) grew by 3%, a very healthy rate for a large, diversified, and developed economy like the United States.

This is very beneficial news for the Fed. Now that inflation has cooled, the time has come for the U.S. central bank to begin substantial rate cuts to start even higher rates of growth domestically.

Additionally, U.S. prospects of bring back jobs and companies to the country has clearly worked, with the total value of assets in the nation improving every month this year. However, not many Americans are feeling these employment changes, as unemployment remains stagnant.