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The American economy has grown at an annual rate of 2.3 percent in the fourth quarter, a weaker end of one expected to a year dominated by the elasticity of American consumers.
GDP on Thursday from the Economic Analysis Office, compared to 2.6 percent expected by the economists covered by Bloomberg and 3.1 percent in the third quarter.
This comes a day after the Federal Reserve’s detention of interest rates, as President Jay Powell said that the strength of the economy means that the central bank did not need to be “in a wheel” to reduce borrowing costs.
The International Monetary Fund expects the American economy to continue to excel their peers in Europe, Canada and Japan this year. President Donald Trump’s pledge to reduce taxes has sparked expectations that American growth will remain strong.
US government bonds were fixed in the aftermath of the data, as the rate of return for two years decreased 0.02 degrees Celsius by 4.21 percent, while the normative return for 10 years decreased by 0.04 degrees Celsius by 4.51 percent.
American stock futures are kept on their gains, as they follow the S&P 500 contracts by 0.3 percent and those who follow NASDAQ technology by 100 percent.
This is a developing story
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2025-01-30 13:31:00
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