Market Comment | Market recovery persisted ahead of Yellen’s comments today

Summary

Upward revision of US GDP growth. US 1Q16 GDP growth was revised upwards (by 0.8% QoQ) from the previous estimate of 0.5% QoQ. However, the revision was below analysts’ expectations (+0.9% QoQ). This increase was due mainly to the contribution of the consumer sector. Fed’s Powell thinks that a rate hike could come soon. Fed […]

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