US Dollar Extends Lead Over Rivals after Growth Revised Up to New Four-year High
If the US Federal Reserve needed one final economic indicator to back a move to increase interest rates further when the FOMC meet again next month, today’s GDP reading will have provided just that.
With US growth now at pre-financial crisis levels (4.2%), the futures market will continue to bet on another hike come December if growth continues in Q4. Whether Washington likes it or not, September may not be the last time the Fed tightens monetary policy this year
Anthony Kurukgy quoted in Pound Sterling Live