August 28, 2025
United States:
US Economy Expands at Revised 3.3% Rate on Stronger Investment
The US economy expanded in the second quarter at a slightly faster pace than initially estimated on a pickup in business investment and an outsize boost from trade.
Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a 3.3% annualized pace, the second estimate from the Bureau of Economic Analysis showed Thursday. That compared with an initially reported 3% increase.
Europe:
ECB Officials Saw Inflation Risks as ‘Broadly Balanced’ in July
Most European Central Bank officials deemed risks to inflation to be “broadly balanced,” with their outlook for consumer prices remaining in place, according to an account of their July meeting.
While a further reduction in interest rates was mentioned, leaving the deposit rate at 2% following eight cuts was considered to be the “robust” approach, the summary — published Thursday — showed.
Asia:
BOJ Board Member Reaffirms Stance on Raising Interest Rates
Bank of Japan Board Member Junko Nakagawa reaffirmed the bank’s standing commitment to continue lifting its benchmark interest rate if conditions allow while also citing uncertainties related to trade, in a nuanced speech that avoided stoking market expectations for another hike.
If the outlook for the economy and inflation is realized, “the bank will accordingly continue to raise the policy interest rate and adjust the degree of monetary accommodation,” Nakagawa said Thursday in a speech to local business leaders in Yamaguchi, western Japan.
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