US GDP rises higher than expectations

2.9% rise

Kathleen Gallagher
clock • 2 min read

The US economy expanded 2.9% between September and December last year, higher than expectations, according to data published by the Commerce department.

Economists had anticipated a 2.6% increase for the quarter. However, despite outperforming expectations, growth still slowed from 3.2% in the third quarter. Several commentators said this bolsters the Federal Reserves claim the economy is more robust than expected and the Federal Reserve's attempt to achieve a soft landing through raising interest rates is succeeding. Investor forum warns of UK equities 'diminished importance' Since March, the US central bank had raised interest rates by more than 4 percentage points, moving at 0.75 percentage points at a time. "GDP growth of 2....

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Economics