US GDP Weighs On Federal Reserve's September Rate Cut Bets, What's Next?

The recent US GDP data has cast a shadow on the Federal Reserve’s anticipated rate cut in September. With the Gross Domestic Product rising to 2.8% in Q2 from 1.4% in Q1, market sentiments appear to be shifting. This unexpected economic resilience has led to a reconsideration of the central bank’s policy direction while dampening the market hopes.