© Reuters
Investing.com – A group of the most important economic data is issued today, which comes with a bullish trend for the dollar and a consecutive loss for US stocks that continued after the release of the minutes of the US Federal Reserve meeting, which raised its expectations of an economic recession this year and stressed the need to keep interest rates high.
GDP data for the fourth quarter in the United States recorded an increase of 2.7%, while experts expected it to rise by only 2.9% after recording a rise of 3.2% in the third quarter of 2022.
US GDP data reveal a decline in the growth rate of the US economy, as it was less than expected and less than the growth rate in the last quarter, but it is still far from the contraction zone.
inflation report
The index recorded a rise of 4.3% points, while experts had expected it to record only 3.90%, after rising by 4.70% in the previous reading.
While the personal consumption expenditures price index for the fourth quarter increased by 3.7%, after rising by 4.3% in the previous reading.
Consumer spending index for the fourth quarter
The spending index for the fourth quarter increased by 1.4%, after recording 2.3% for the third quarter of 2022.
The US economy received 192 jobless claims, while experts expected it to receive 200,000 jobless claims, up from 195,000 last week.
markets now
It drops by half a point now to $1832.05 an ounce, while spot contracts record $1824.7. While Bit contracts fell 0.85%, to record $21,488 an ounce.
As for it, it records 104,493 against a basket of foreign currencies.
And the futures indices of the US market are now rising, as the S&P 500 futures index rose by 0.56%, Jones futures rose by 0.30%, and the Nasdaq rose by 1.04% in pre-opening trading.
It is now trading at $24,155, up by 0.16%, while Ethereum is up by 1.03%, to record $1,664.18 per symbol.
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