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US economy grows at an annual rate of 2.9% in Q4

Adel 26 January, 2023 5:44 pm Forex Market, Market Update

The US economy expanded at an annualized rate of 2.9% in the fourth quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday. 

This reading followed the 3.2% growth recorded in the third quarter and came in slightly better than the market expectation for an expansion of 2.6%.

The US Dollar Index struggles to gain traction despite the upbeat data and was last seen posting small daily gains at 101.75.

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