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Atlanta Fed: US GDP to grow by 2.1% in Q3

Mohamed Abdelhamid 29 July, 2022 8:15 pm Forex Market, Market Update

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 third quarter.

The US Dollar Index showed no immediate reaction to this news and was last seen posting small daily losses at 106.05.

“The initial estimate of second-quarter real GDP growth released by the US Bureau of Economic Analysis on July 28 was -0.9%, 0.3 percentage points above the final GDPNow model nowcast released on July 27,” Atlanta Fed further noted in its publication.

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