✉news BusinessEconomy first seen 1 d ago, last 1 d ago, peak #3
US economy beats growth forecasts but inflation climbs to 3.7%
Original: US economy grows faster than expected but inflation rises to 3.7%
The US economy expanded faster than economists expected, according to new official figures, but inflation rose to 3.7%, complicating the outlook for interest rates. The combination of resilient growth and persistent price pressure is drawing close attention from markets and policymakers, who are weighing how long the Federal Reserve will need to keep borrowing costs elevated.
Why now: Fresh GDP and inflation data reshape expectations about Federal Reserve interest rate policy.
United StatesFederal ReserveUS economy
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