The US economy slows: an impending Fed reaction is expected

The data reflects the slowdown in the US economy in the second quarter, after recording a growth rate of 3.1% at the beginning of the year. However, it is slightly better than badysts' estimates, which had anticipated an annual growth rate of 1.9%said the EFE news agency.

Consumer spending, which accounts for two-thirds of US economic activity, increased 4.3% from 1.1% in the first quarter, while business fixed investment declined 0.8% . largest quarterly decline in three years.

After the economic figures, a reaction from the Fed is expected

The growth figure is released shortly before the next meeting of the US Federal Reserve (EDF) on monetary policy, which could lower interest rates, currently between 2.25% and 2.5%. If this fall in the price of silver occurs, it would be the first in more than a decade in the United States.

In recent months, the US economy has given mixed signals about its condition. On the one hand, the labor market remains strong with an unemployment rate of less than 4%, at levels not seen in half a century; while inflation remains contained and below the 2% annual target set by the Fed.

Similarly, the trade war with China over the trade protectionism of US President Donald Trump has raised concerns among businessmen, billionaire importers, and import tariffs.

Trump insisted that the Fed should lower rates to boost economic activity.