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Breaking Posted 6 hours ago

US GDP (Jun 25)

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US first-quarter GDP was revised significantly upward, but consumer spending—which drives roughly 70% of the economy—showed near-stagnant growth. This mixed signal affects USD pairs: stronger-than-expected growth supports the dollar, while weak consumption raise recession concerns and may pressure Fed rate-hike expectations.
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@asuquokelvin · 4 hours ago

The GDP revision looks positive, but weak consumer spending suggests the economy isn't as strong as the headline shows.

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