Odaily News Granite Bay analyst Paul Stanley said the upward revision of the US GDP data for the first quarter may not change the Fed's wait-and-see stance. He expects the Fed to resume rate cuts this fall and said the Fed may cut rates 1 to 2 times in the last few months of 2025. According to data from the Chicago Mercantile Exchange (CME), this expectation is consistent with market pricing. The second estimate of US GDP in the first quarter showed that the economy shrank by 0.2%, narrower than the previously announced 0.3% contraction. (Jinshi)