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

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.

Check Also

Bitcoin Drops as Trump Hype Fades; Altcoins Follow Suit

Bitcoin experienced a decline on Thursday following a short-lived rally driven by expectations of crypto-friendly …