Wall Street barely gains ground

Economies.com
2023-01-27 15:32PM UTC

US stock indices rose on Friday after a batch of US data while markets assess corporate results.

 

Recent data showed US economy grew 2.9% in the fourth quarter of 2022, beating estimates of 2.6%, while up from 3.2% in the third quarter.

 

US consumer spending, an important index for inflation, rose 0.3% last month.

 

Such data indicate the strength and vitality of the economy, which is reflected in recent statements by the IMF expecting the US recession to avoid recession this year.

 

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Dow Jones rose 0.1% as of 15:28 GMT  to 33,994, while S&P  500 rose 0.2%, or 7 points to 4,068, as NASDAQ gained 0.4%, or 48 points to  11,560. 

 

Will the Federal Reserve maintain tight monetary policies?

 

Global Central Banks in Europe, the  US, and England will meet next week to decide on policies. 

 

The Federal Reserve is widely expected to increase interest rates and carry on its policy tightening to control inflation.

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