department is likely to confirm prices are calling. but with inflation still stubbornly high, policy makers here as in many other developed economies aren t done raising interest rates. michelle fleury reporting. let s quickly show you how markets reacted. investors hope there may be a chance the us economy could avoid falling into a recession so we saw a bit of a rally in all the main indices. let s show you how japan s all the main indices. let s show you howjapan s nikkei has started, down by almost i%, profit taking also happening as well. in other news, sporting goods giant nikkei has reported its latest earnings for the fourth quarter and revenue coming in at $12.8 billion. that s slightly higher than expected and it also means they have been revenue estimates for seven street orders, with sales jumping in both its modest market, north america, and in china following the easing of covid 19 restrictions. going to china were on about how authorities are expected to releas
the where revised data shows the biggest economy of the world grew much faster than previously estimated in the first three months of the air. it expanded at a 2% annualised pace, nearly double the previous estimate. last week we saw unemployment numbers decline, adding to signs of the economy s resilience. from new york, michelle fleury. ask most americans how the world s must economy is doing and they may say things are going badly but the data paints different picture. us economy grew 2% the first three months of the year, almost double initial estimates. consumers spent more, exports held up and prospects for the second quarter also look better. the housing market focus on recovery and subsidies for semiconductor and electric car parts gideon. the challenge for american central bank is keeping inflation trending down. data due out later on friday from us economist