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[QUOTE="SOLIDECN, post: 228855, member: 80239"]
[HEADING=1]US Economy Grows Strongly Amid Rate Cut Speculation[/HEADING]
Solid ECN – On Thursday, the dollar index fluctuated, hovering around 103.2, in response to recent economic reports. The US economy showed a robust expansion of 3.3% in the fourth quarter, surpassing the predicted 2% growth. However, the week's initial jobless claims exceeded predictions, reaching 214,000, and orders for long-lasting goods surprisingly showed no growth.

Market participants are now estimating a 44% likelihood of a 25 basis point reduction in interest rates by the Federal Reserve in March. Although it's widely anticipated that the Fed will maintain the current rate at its meeting, it focuses on Chairman Jerome Powell's forthcoming comments to indicate when the monetary easing phase might commence. In Europe, the European Central Bank maintained interest rates unchanged for the third consecutive time, aligning with expectations. The ECB committed to maintaining higher interest rates as needed while noting a downward trend in core inflation.
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