NEW YORK, United States — Wall Street stocks retreated while the dollar rallied on Thursday following stronger-than-expected U.S. economic data. The positive reports could delay anticipated interest rate cuts by the Federal Reserve.
The U.S. government revised its second-quarter economic growth rate upwards to 3.8 percent from the previously reported 3.3 percent. This upward revision was driven in part by consumers spending more than expected during the period.
It marks the continued resilience of the U.S. economy amid ongoing global uncertainties.
https://business.inquirer.net/549307/wall-street-stocks-fall-again-as-strong-us-data-boosts-dollar
