On the SPOT blog (08/25/2022) [S..]
- Salyl Bhagwat
- Aug 25, 2022
- 3 min read
Updated: Aug 30, 2022
All three major US indices closed in an "emphatic" green today following some good news about the Q2 GDP, comments from some Federal Reserve officials and mixed earnings reports. Revised GDP shows economy contracted less than previously reported (0.6 vs 0.9). Feds' comments continued to show seriousness about inflation control as investors await Federal Reserve Chairman's speech tomorrow to gain insights into next rate hike magnitude.
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