US Economy Continues to Dominate Global Markets, GDP Expected to Grow in Q1-2024
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#4b09d291 ver:0.04
The U.S. economy continues to dominate global markets, with key economic indicators showing positive trends. The GDP is expected to grow by 2% in Q1-2024, adding over $1 trillion in nominal economic activity .
Despite the overall strength of the U.S. economy, there have been some minor declines in specific sectors. The housing market saw a slight decline in new home sales in February, which can be attributed to high mortgage interest rates. However, the manufacturing sector is still performing well, as indicated by the Dallas Fed factory survey. Additionally, the U.S. Chicago Fed's National Activity Index expanded in February, indicating overall economic expansion .
In the bond market, U.S. Treasury yields remain steady despite increased issuance. This stability in yields is noteworthy g...
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