BBCNEWS World July 5, 2024
of 3.3% in the last three months of 2023 — much stronger than expected. that's raised hopes that the us federal reserve might have achieved a soft landing — getting inflation under control by raising borrowing costs without crashing the economy. the strong economic numbers helped stoke an ongoing rally on us stock markets. both the dowjones industrial average and s&p 500 closed at new record highs on thursday. and traders weren't the only ones celebrating. the gdp figures have been seized upon by president biden, who is battling for re—election. he's been suffering poor approva...
Source: archive.org