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The US economy continued to grow in the final quarter of the year, expanding at an annual rate of 3.2 per cent, according to the Bureau of Economic Analysis.

US markets up after Larry Summers backs out of Federal Reserve race

The decision by Larry Summers to back out of the race to replace Ben Bernanke at the helm of the US Federal Reserve when he steps down next year, has boosted expectations of a dovish outlook for the monetary policy in the world’s largest economy, driving up stocks and bonds.

Pound gains ground as Summers pulls out

Sterling hit an eight-month high against the dollar today after former US Treasury Secretary Larry Summers decided to pull out of the race to be the next Federal Reserve chairman.

US dollar dips as Lawrence Summers quits Federal Reserve race

The US dollar slid while bonds and shares rallied on Monday after the withdrawal of Lawrence Summers from the race to head the Federal Reserve suggested a more gradual approach to tightening monetary policy.

Hamish McRae: Education and financial services can give UK an edge over rivals

Economic view: The great brand names of Europe have a powerful lure throughout the emerging world

Fed set to taper QE as US picks up

Signs of gathering momentum in world's biggest economy will influence central bank's decision

US jobs disappointment cuts chances of Fed easing stimulus

The US economy created fewer jobs than forecast in August, dampening expectations that the Federal Reserve will start weaning the US economy off its stimulus programme this month.

US economy grows at rate of 2.5%

The US economy grew at a rate of 2.5 per cent between April and June, the Commerce Department said today, revising its estimate for growth in the second quarter on the back of a surge in exports.

Gold and oil prices surge, while world shares fall as Western intervention in Syria looms

Shares across the world fell yesterday as the prospect of military intervention in Syria sent jitters through the financial markets.

The Euro logo outside the European Central Bank in Frankfurt am Main, central Germany

Eurozone recovery gathers pace as growth hits two-year high

But picture remains mixed, with good German results contrasting with gloom in France

Rupee slumps amid capital outflow fears

The rupee was routed yesterday, as traders placed bets that the Indian currency would continue to slide in value against the US dollar.

FTSE set for second week of losses thanks to US jitters

London’s FTSE 100 was on course for its second losing week in a row today as fears over the US Federal Reserve slowing the pace of money-printing lingered in City dealing rooms.

Hamish McRae: US economic good news may just be the tonic that interest rates thirst after

Economic View: What happens to US rates affects the rest of the world but so too does what happens to the US economy

Cautious optimism as US economic growth exceeds expectations

Travel on the road to recovery seen as modest but significant while Fed opts to stay the course on bond programme – for now

Slowing US economy likely to be boosted as Washington eases belt-tightening

Tighter fiscal policy and sluggish global demand, which has dampened exports, are seen as having hobbled the economy in the April-June period

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