Markets rise as weak US GDP dents prospects of Fed rate hikes

A woman shops in an Aeropostale clothing store, in New York.

Anxious sighs echoed through the chambers of the Federal Reserve as the first estimate for Q4 GDP fell below forecasts at 0.7%. Given recent strong labour data these growth figures will disappoint Janet Yellen with the added pressure of global risk sentiment weighing on the domestic recovery.

Alex Lydall quoted in The Guardian

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