The U.S. economy didn’t perform all that badly in the first three months of 2017, growing twice as fast as the government originally reported.
Gross domestic product, the official scorecard for the economy, expanded at a 1.4% annual pace in the first quarter, revised figures show.
That’s a few ticks better than the prior 1.2% reading and double the initial 0.7% estimate.
The upshot: The economy saw little change amid a switchover from the Obama administration to the Trump White House. The U.S. grew 2.1% at the end of 2016.
EUR and GBP Extend Gains on Tightening Prospect
EUR/USD – Euro Hits 14 Month Highs on Draghi Remarks
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.