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US GDP Holds Steady as AI Boom, Fed Rate Hike Bets Lift Dollar

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • US Q2 GDP likely grew ~2.1% on resilient consumer spending and AI-driven capex, despite Middle East war risks.
  • Fed hints at a September rate hike to fight inflation, boosting USD, while rising oil prices reflect geopolitical tension and tighter energy supply.
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103.90 +59.26% over the displayed period

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