Analyst: Upward Revision of U.S. GDP Won't Change Fed's Wait-and-See Stance

Granite Bay analyst Paul Stanley stated that the upward revision of the US first-quarter GDP data might not change the Federal Reserve's wait-and-see stance. He expects the Federal Reserve to resume rate cuts this fall and mentioned that in the last few months of 2025, the Federal Reserve might cut rates 1 to 2 times. According to data from the Chicago Mercantile Exchange (CME), this expectation aligns with market pricing. The second estimate of the US first-quarter GDP shows a 0.2% economic contraction, narrowing from the previously announced 0.3% contraction. (Jin10)