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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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On August 28, data released before the US stock market showed that the annualized quarter-on-quarter real GDP for the second quarter in the US was revised up to 3.3%, higher than the previously reported 3%. The number of people filing for unemployment benefits for the first time last week slightly decreased to 229,000, while the number of continuing claims fell to 1.954 million, both lower than expected.
Federal Reserve Governor Waller stated that he supports a 25 basis point rate cut at the Fed's September meeting, and further rate cuts are expected in the next 3 to 6 months.