Shares in Asia were set to see opening gains on Friday after a data release overnight showed strong fourth quarter economic growth in the U.S.
The losses stateside came despite the release of data which showed the U.S. economy grew at an annualized rate of 2.6 percent in the fourth quarter of 2018, according to the U.S. government. That was above forecasts of economists polled by Dow Jones, who expected the economy to grow at a pace of 2.2 percent.
Treasury Secretary Steven Mnuchin said in a separate CNBC interview:"We have made a lot of progress," but added that a deal"is not yet done."
So I guess the fed was right initially and needs to raise rates. Can’t have it both ways Wall Street. This constant market rally on good news, bad news, any news needs to stop. How has their not been a healthy meaningful pullback for months?
LOL Wut? 3% was expected, and we fell during the Holiday 4th quarter
Wait...you guys told me our economy was failing! How can this beeeeeeeee
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