Open Demo Account
Home / Market Update / Forex Market / US economy grows at an annualized rate of 2.6% in Q3

US economy grows at an annualized rate of 2.6% in Q3

Adel 27 October, 2022 5:43 pm Forex Market, Market Update

The US economy expanded at an annualized rate of 2.6% in the third quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday.

This reading followed the 0.6% contraction recorded in the second quarter and came in slightly better than the market expectation for a growth of 2.4%.

EUR/USD remains offered after the ECB walked the talk and hiked rates by 75 bps at its event on Thursday.

Tags

Check Also

Trump’s Reluctance Shakes Up the Fed Chair Race

President Donald Trump signaled fresh uncertainty over the future leadership of the Federal Reserve after …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends