XE Market Analysis: US Economy Grows Faster Than Expected

OVERVIEW US durable goods orders fell 4.6% in November which was in line with forecasts and reversed an identical rise in October. Core capital goods however, increased more than expected.  UK consumer confidence rose for the first time in three months in December to -7, though consumers are concerned by the risk of higher inflation and Brexit.  Euro zone consumer confidence rose unexpectedly to a 20-month high in December, with the index rising to -5.1 from -6.0 in November. Canadian consumer price inflation cooled more than expected to 1.2% last month. HIGHLIGHT The US economy grew at a faster than…

Source: XE news feed
XE Market Analysis: US Economy Grows Faster Than Expected