US, Britain growth data to change monetary policy


(MENAFN) Figures from the US and Britain for Q3 will be analyzed by financial markets in the week, and a business survey will provide the evidence on how the euro zone has fared going into the Q4.

The slow growth in the world's largest economy might make it less likely the US Federal Reserve will raise the interest rates in December.

However, Derek Holt at Scotiabank stated: "A number in the 2.5% range seems reasonable to expect, and that would likely be good enough for the Fed even if it's only the first decent quarter for growth in the past four quarters and ahead of the frequent Q1 growth disappointments."


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