- Analytics
- News and Tools
- Market News
- US: Atlanta Fed GDPNow for Q1 rises to 2.1%
US: Atlanta Fed GDPNow for Q1 rises to 2.1%
According to the Federal Reserve Bank of Atlanta's GDPNow model, the US economy is expected to grow at an annualized rate of 2.1% in the first quarter, up from 0.7% in the previous estimate.
"After releases from the US Census Bureau, the Institute for Supply Management, the US Bureau of Labor Statistics, and the US Bureau of Economic Analysis, the nowcasts of first-quarter gross personal consumption expenditures growth, and first-quarter gross private domestic investment growth increased from 1.9% and -9.3%, respectively, to 3.0% and -6.2%, respectively," Atlanta Fed explained in its publication.
Market reaction
This report doesn't seem to be having a noticeable impact on the US Dollar's performance against its rivals. As of writing, the US Dollar Index was posting small daily gains at 103.67.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
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 pr@teletrade.global.
Bank transfers
