Thu, 27 Oct 2022 12:40:33 GMT
US GDP beats expectations
The US quarterly Advance Gross Domestic Product data has been published. The US economy has grown 2.6% instead of the market expected 2.3% growth. Moreover, the previous -0.9% decline has been revised up to -0.6%.
The markets reacted to the news with a broad US Dollar decline, stock surge and treasury yield decline. The data indicates that the Federal Reserve