Economists at BBH offer a brief preview of Thursday's key US macro data, the Advance first-quarter GDP report, due for release during the early North American session. The data will play will influence the US Dollar (DXY), which is trading flat near 101.48 amid ongoing concerns about First Republic, higher global equity markets and global bond yields.
“Consensus currently is at 1.9% SAAR vs. 2.6% in Q4. Personal consumption is expected at 4.0% vs. 1.0% in Q4. The mix of Q1 growth will be important because in Q4, the bulk of growth came from inventories while personal consumption and net exports slowed. Of note, the Atlanta Fed’s GDPNow model is tracking Q1 growth at 1.1% SAAR, down from 2.5% before yesterday’s weak data. This is the final model update for Q1 and now the model will start tracking Q2, with the first estimate coming tomorrow.”
© 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.