Open Demo Account
Home / Market Update / Forex Market / Atlanta Fed: US GDP to grow by 2.1% in Q3

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.

Tags

Check Also

Financial Markets’ Weekly Recap: Traders closely watch Fed’s signals

In this report, we take a look back at the latest five trading days with …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends