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US economy grows at fastest pace in nearly two years
The United States economy grew at its highest rate in almost 2 years, hitting 4.9%. That’s as the European Central Bank decided to keep rates steady at 4%.
The United States economy grew at its highest rate in almost 2 years, hitting 4.9%, far higher than many analysts were predicting.
Meanwhile, the European Central Bank has decided to keep rates steady at 4%, breaking the longest streak of hikes in its 25-year history.
Rahul Tandon examines the data and discusses what these data could mean for the global economy.
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