India, July 30 -- Stronger-than-expected macroeconomic data from the U.S. that underscored the resilience of the American economy dimmed hopes of an early monetary easing by the Fed. The Fed is widely expected to hold rates steady, in the decision to be announced on Wednesday afternoon.
Advance estimates released by the U.S. Bureau of Economic Analysis just a while ago showed the U.S. economy grew at an annualized 3 percent in the second quarter, rebounding from a 0.5 percent contraction in the first quarter, and surpassing expectations of a 2.4 percent rise. Wall Street Futures are trading just above the flatline. Major benchmarks in Europe are trading on a positive note. Mixed sentiment prevailed in the Asian markets. The six-currency Do...