Bitcoin +1.8% to $US23,009 at 4.55am AEDTTesla +8.7% Apple +0.8% Amazon +0.9%Spot gold -1% to $US1926.06/oz at 12.48pm in New YorkUS prices as of 12.52pm in New YorkThe U.S. economy grew faster than expected in the fourth quarter, but that likely exaggerates the nation’s health as a measure of domestic demand rose at its slowest pace in 2-1/2 years, reflecting the impact of higher borrowing costs.
Robust second-half growth erased the 1.1% contraction in the first six months of the year. For 2022, the economy expanded 2.1%, down from the 5.9% logged in 2021. The Fed last year raised its policy rate by 425 basis points from near zero to a 4.25%-4.50% range, the highest since late 2007.London’s main stock indexes closed higher on Thursday as the earnings season kicked in, with financial stocks on the internationally focused FTSE 100 lifted by gains in investment firm 3i Group.
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