Last week U.S. economy released some positive figures such as a better than expected growth rate, showing an annual GDP gain of 2.1% in the third quarter. Furthermore, US Jobless claims fell 12,000 last week to 260,000, beating forecast for a 273,000 reading. The positive release came close to a four-decade low indicating a resilient labor market. Last week’s figures provide the Fed with the data it needs to make the rate hike announcement on December 16.
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