NEW YORK, United States — Wall Street stocks retreated while the dollar rallied on Thursday, following stronger-than-expected US economic data.
The robust data has raised concerns that the Federal Reserve may delay interest rate cuts.
On Thursday, the US government revised its second-quarter economic growth rate upward to 3.8 percent from the previously reported 3.3 percent.
Additionally, consumer spending exceeded expectations, contributing to the positive economic outlook.
This marks a significant indicator of the economy’s resilience amid ongoing uncertainties.
https://business.inquirer.net/549307/wall-street-stocks-fall-again-as-strong-us-data-boosts-dollar