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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.

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