Fed eyes GDP data

The Fed and the markets will be closely watching US GDP data for a further steer on the chance of an interest rate rise next month

Fed eyes GDP data
The Fed and the markets will be closely watching US GDP data for a further steer on the chance of an interest rate rise next month. JP Morgan economist David Kelly is predicting a 3.6 per cent growth in the economy and with jobs and housing data showing improvement in recent releases anything close to that prediction is likely to ramp up calls for an early move by the Fed.
 

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