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Revised Data Shows US Economy Grew at 3.4% Rate in Fourth Quarter
The United States economy witnessed a robust 3.4% annual growth rate in the final quarter of the year, according to the latest governmental update released on Thursday. Originally, the economy’s ... Read More
Consumer Sentiment Stable as Economy Maintains Momentum
Several reports out Thursday show the economy remains in good shape heading toward the second quarter of 2024. Read More
US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said in an upgrade from its previous estimate. Read More
U.S. economy grew more than first reported in 2023 fourth quarter
The U.S. economy grew even more in the fourth quarter of 2023 than previously reported. U.S. Gross Domestic Product was revised up to an annual rate of 3.4%, according to a Bureau of Economic Analysis ... Read More
US Economy News Today: Housing Market Could Be Thawing Going Into Spring Busy Season
Today, a measure of the economy's health was revised upward and pending home sales will give insight into whether the gridlock in the housing market is starting to clear. Read More
U.S. GDP growth revised up to 3.4% in final Q4 estimate, surpassing consensus
U.S. gross domestic product in the U.S. Department of Commerce's final Q4 estimate rose at an annual rate of 3.4%, topping the 3.2% consensus. That's an acceler ... Read More
US Revises Fourth Quarter GDP Growth Higher
Economic growth in the United States for the fourth quarter last year was revised up unexpectedly, government data showed on Thursday, helped by higher estimates of consumer spending and investment. Read More
NZD/USD remains under selling pressure below 0.6000, US PCE data looms
NZD/USD edges lower to 0.5970 amid stronger USD and dovish comments from RBNZ. The US economy grew faster than expected in the fourth quarter (Q4). RBNZ’s Orr said the central bank is on course to get ... Read More
US economy cooling in first quarter; inflation appears sticky
U.S. retail sales rebounded less than expected in February, suggesting a slowdown in consumer spending in the first quarter amid rising inflation and high borrowing costs. Read More
US consumer sentiment tops estimates in March to hit nearly 3-yr high, UMich says
The University of Michigan's benchmark Consumer Sentiment Index rose to a final reading for the month of 79.4, the highest since July 2021, from February's 76.9. Consumer assessments of both current ... Read More
Q3 GDP numbers absolutely mystifying, difficult to comprehend, says former CEA Arvind Subramanian
Former Chief Economic Adviser Arvind Subramanian expressed bewilderment at India's latest GDP figures, deeming them incomprehensible. Despite better-than-expected growth of 8.4% in the final quarter ... Read More
Canada's GDP outperforms Jan growth forecast, likely grew 0.4% in Feb
Thursday's data shows the Canadian economy started 2024 strongly after growth stalled in the second half of last year ... industries grew 0.7%, while the goods-producing expanded 0.2%. In a ... Read More
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