Bank of America: The strong rise of GDP in the United States will pose challenges to the market

On July 25th, Jin10 Data reported that a strong economic rise may force the Fed to postpone rate cuts. Economists surveyed by FactSet generally predicted that the annualized rise rate of US GDP in the second quarter, adjusted for inflation, would be 1.9%. The latest New York Fed staff Nowcast predicts that the US economy will rise 2.2%, while the Atlanta Fed's GDPNow model estimates it at 2.6%. Beth Ann Bovino, chief economist at US Bank, believes that actual GDP growth is likely to be slightly higher than 2%, which may be a challenge for the Fed."Everyone wants a "golden-haired girl"-the economy is not too hot or too cold." "If GDP is slightly higher than 2%, the Fed can handle it well, but if (GDP rise) is long, it may pose a challenge to the market's expectations of a rate cut in September."