While following the likes of Morgan Stanley, Capital Economics and JP Morga, Goldman Sachs (GS) also raised their US Q4 GDP forecast in the latest analytical piece.
That said, the US bank estimates 6.0% QoQ growth for the world’s largest economy during the fourth quarter (Q4).
GS cites larger expected contributions from inventories and goods exports, as well as a strong Q3 pace of gross domestic income (+6.7% annualized), to back the hawkish forecasts.
It's worth noting that the Atlanta Fed GDP gauge shows the Q4 GDP forecasts as 8.6% versus previously expected 8.2%. It’s worth noting that the official second reading of the Q3 US GDP reading from 2.2% to 2.1% on an annualized basis.
Read: Forex Today: Dollar’s rally continues and is far from over
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.