Thu, 25 Jan 2024 13:42:14 GMT
US GDP surprises markets
The United States Advance Gross Domestic Product publication has surprises the financial markets, as a major beat of forecast has occurred. Markets expected GDP to have increased by 2.0%. Instead the US economy has grown by staggering 3.3%.
The event caused a surge of US stock indices and the US Dollar. The USD surged due to the data indicating