US GDP grows more than expected at 3.3% in Q4 of 2023

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US GDP grew more than expected at 3.3% in Q4 of 2023, government data showed, boosted by a resilient jobs market and consumer spending..

Both S&P futures and Nasdaq futures edged higher in pre-market trading..

"The increase in real GDP reflected increases in consumer spending, exports, state and local government spending, nonresidential fixed investment, federal government spending, private inventory investment, and residential fixed investment," the department said in a statement..

Earlier today, the European Central Bank (ECB) opted to keep interest rates unchanged for the third consecutive time, despite a gradual decline in inflation..

The ECB's governing council however reiterated in its statement that it believed rates are at levels that "maintained for a sufficiently long duration, will make a substantial contribution" to returning inflation to the two-percent target...

Full story at Economic Times | 

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