62 days ago • Posted by Ajmir Omid

#US economy grows stronger than expected #gdp #trading

Stocks are under pressure following the release of key US economic data, which indicate growth above expectations. US GDP grew by 2.9% in the 3rd quarter (vs 2.7% forecasted). The Core PCE Prix index, which is closely watched by the Fed, was also slightly higher than estimated, coming at 4.6% (vs 4.5% consensus). Elsewhere, oil prices are edging higher as the economic data suggest demand is still holding well.