US GDP misses with 2.6%, but inventories are to blame – USD suffers a limited drop

The US economy grew at an annualized pace of 2.6%, significantly lower than 3% expected. Among the details, personal consumption is up 3.8% instead of 3.7% expected. The prices index is up 2.4% instead of 2.3% that was on the cards. Inventory numbers fell, and that pulled GDP lower. Durable goods orders came out at […]

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