📊 THE U.S. ECONOMY SURPRISES EVERYONE AND KEEPS STANDING
🇺🇸 GDP shuts down the pessimistic forecasts
U.S. Gross Domestic Product (GDP) posted a surprising 3.4% quarterly growth rate, leaving analysts’ projections—which had expected just 3.2%—with a black eye.
The figure was welcome news for the markets, showing that domestic consumption remains strong despite rising prices and expensive credit. However, experts warn that such a strong pace could lead the central bank to tighten the screws further before the end of the year.
#FedWatch #USMidtermElections
🇺🇸 GDP shuts down the pessimistic forecasts
U.S. Gross Domestic Product (GDP) posted a surprising 3.4% quarterly growth rate, leaving analysts’ projections—which had expected just 3.2%—with a black eye.
The figure was welcome news for the markets, showing that domestic consumption remains strong despite rising prices and expensive credit. However, experts warn that such a strong pace could lead the central bank to tighten the screws further before the end of the year.
#FedWatch #USMidtermElections
