GDP Q4/2023 growth +3.3% QoQ => Market gains more confidence in soft-landing!
2023 full-year growth reaches +2.5%.
Of which:
MARKET DAILY
Market 01/25: Q4 GDP growth exceeds expectations - reinforces soft-landing confidence
Fed confirms stopping BTFP from March - immediately increases lending rates to prevent arbitrage. Auction of 41 billion USD 7Y T-bond not very optimistic.
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