Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

US Growth Revised to 3.2% in Q4


Thu 29 Feb 2024 | 07:16 AM
Taarek Refaat

US GDP growth in the fourth quarter was revised to 3.2% from 3.3%.

The US Bureau of Economic Analysis (BEA) also reported in its second estimate on Wednesday that America's real GDP growth reached 3.3%.

The US Dollar Index fell slightly in initial reaction, rising by 0.26% during the day at 104.07.

The United States, Germany, France and Spain are scheduled to release inflation data tomorrow, Thursday.

The most important question currently remains when the Federal Reserve may reduce interest rates during the year, as the head of the research and education department at CFI, George Khoury, said - in an interview with Al Arabiya Business - that the European Central Bank (ECB) may reduce interest rates before the Federal Reserve in America during the current year.