US Q4 GDP growth revised lower to 3.2% from 3.3%
Source Fxstreet
- US GDP growth for Q4 is revised lower to 3.2% from 3.3%.
- US Dollar Index stays in positive territory above 104.00.
The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.2% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its second estimate on Wednesday. The BEA reported in its advanced estimate the real GDP growth was 3.3%.
"The update primarily reflected a downward revision to private inventory investment that was partly offset by upward revisions to state and local government spending and consumer spending," the BEA explained in the press release.
Market reaction
The US Dollar Index (DXY) edged slightly lower with the immediate reaction and was last seen rising 0.26% on the day at 104.07.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As the US-EU tariff war reignites, Bitcoin prices are weakening and may briefly fall below the $90,000 mark.Over the past 24 hours, Bitcoin ( BTC) prices have dropped to $92,000 twice, an
Bitcoin options open interest hit $74.1B vs. $65.2B futures as BTC trades at $93,189; Checkonchain flags IBIT/Deribit concentration and a 15% hashrate drop.
Gold nears $4,700 record as US–EU trade war fears ignite haven rushGold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend.
Gold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend.
Bitcoin's recent fall to $91,800 signals a leverage reset, not a panic-driven sell-off, with $233 million in long positions liquidated.
Kevin Hassett is now backing out of the race to lead the Federal Reserve, and Trump doesn’t seem to mind.Kevin Hassett is now backing out of the race to lead the Federal Reserve, and Trump doesn’t seem to mind. The White House economic adviser said on Fox News’ The Sunday Briefing that he and the president have been talking “from the beginning” about whether he’d be more useful staying in the West Wing or […]
Kevin Hassett is now backing out of the race to lead the Federal Reserve, and Trump doesn’t seem to mind. The White House economic adviser said on Fox News’ The Sunday Briefing that he and the president have been talking “from the beginning” about whether he’d be more useful staying in the West Wing or […]
