U.S. gross domestic product expanded at a 3% annualized pace in the second quarter, topping market expectations, according to figures cited by President Donald Trump in a Truth Social post on Wednesday. Trump seized on the stronger-than-anticipated reading to renew public pressure on the Federal Reserve, saying the central bank is "too late" and "must now lower the rate." He added that with "no inflation" consumers should be allowed to buy and refinance homes more easily. The president’s remarks come as investors await the Fed’s policy decision later in the day, heightening scrutiny of the central bank’s independence amid political calls for cheaper borrowing costs.