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The conflicting data points from the US that will keep the Federal Reserve on hold

The data from the US on Thursday showed blockbuster GDP growth:US Q3 advance GDP +4.9% vs +4.3% expectedAnd this wasn't too shabby either:US September durable goods orders 4.7% versus 1.7% expectedBack to the economic growth data. In response Fitch ratings, first on the headline GDP result:stunningly-strong 4.9% annualised gain in third-quarter GDPEconomic growth transitioned from resilience to reacceleration this quarter, defying the Federal Reserve’s aggressive tightening cycle and tighter fin... Read More

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Content Topics

Conflicting

Data

Points

From

That

Will

Keep

Federal

Reserve

Forex

Posted: Oct 26 2023, 22:54

Author Name: forexlive

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