The U.S. economy grew at a faster pace than expected in the final quarter of 2023, as consumer and government spending increased and inflation eased.
“This year has been like Rock ‘Em Sock ‘Em Robots, and the economy is knocking the blocks off the economists, always outperforming,” said Dan North, senior economist with Allianz Trade Americas.
However, markets showed only a modest reaction to the U.S. Department of Commerce report. Stock futures gained slightly while Treasury yields moved lower.
Full Story: CNBC
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