US GDP expands by 2.3% in Q4 as initially estimated
- US' GDP grew at an annual rate of 2.3% in the fourth quarter of 2024.
- The US Dollar Index stays in positive territory above 106.50.
The US Bureau of Economic Analysis (BEA) reported on Thursday that the United States' Gross Domestic Product (GDP) expanded at an annual rate of 2.3% in the fourth quarter. This reading matched the initial estimate and came in line with the market expectation.
"Real GDP was revised up by less than 0.1 percentage point from the advance estimate released last month, primarily reflecting upward revisions to government spending and exports that were partly offset by downward revisions to consumer spending and investment," the BEA explained in its press release.
Market reaction
The US Dollar Index clings to modest daily gains near 106.70 following this report.
Forex News
Keep up with the financial markets, know what's happening and what is affecting the markets with our latest market updates. Analyze market movers, trends and build your trading strategies accordingly.
