The preliminary report for US Q4 2023 GDP reveals a robust growth of 3.3%, surpassing expectations set at 2.0%.
We are currently on a path towards 6 consecutive quarters of positive GDP growth, with no instances of two consecutive quarters of declining GDP since Q2 2022.
Despite the substantial outperformance in the initial GDP reading, it presents a dilemma for the Fed. While the economy appears resilient, there’s a potential downside as this may delay anticipated interest rate cuts.
US Initial Jobless Claims stand at 214k, slightly exceeding the forecast of 200k and surpassing the previous figure of 187k.
In the domain of US Durable Goods, actual growth remains stagnant at 0%, falling short of the anticipated 1.5% and trailing behind the previous rate of 5.4%.
Post the GDP data release, there’s an uptick in short-term interest-rate futures in the US as traders increase their bets on potential Federal Reserve rate cuts.
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I’m Abhishek Sharma, an Advocate based in Delhi, entrepreneur, investor, and founder of BigBreakingWire.
I am an enrolled Advocate with a strong interest in entrepreneurship, media, and technology. I founded BigBreakingWire, a digital news platform covering breaking news, business, financial markets, companies, and important developments in India and around the world.
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Last reviewed by Abhishek Sharma on August 31, 2026
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