Inflation-adjusted GDP, which measures the value of goods and services produced in the United States, increased at a revised 3.8% annualized pace—stronger than the previously reported 3.3% and a reversal of the economic contraction of the first quarter.

Other FOMC members remain concerned about inflation and do not currently support an another interest rate cut in October.

The bureau now says its 2024 CE report, originally scheduled for release today, will come out on October 30 instead.

Her dismissal was “an attack on the independence of an institution arguably as important as the Federal Reserve for economic stability,” according to Erika McEntarfer.