{"id":70232,"date":"2022-08-16T21:25:19","date_gmt":"2022-08-16T17:25:19","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=70232"},"modified":"2022-08-16T21:26:39","modified_gmt":"2022-08-16T17:26:39","slug":"us-atlanta-fed-gdpnow-for-q3-declines-to-1-8","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-atlanta-fed-gdpnow-for-q3-declines-to-1-8\/08\/16\/market-updates\/","title":{"rendered":"US: Atlanta Fed GDPNow for Q3 declines to 1.8%"},"content":{"rendered":"\n<p>According to the Federal Reserve Bank of Atlanta&#8217;s GDPNow model, the US economy is expected to grow at an annualized rate of 1.8% in the third quarter, down from 2.5% in the previous estimate.<br><br>&#8220;After recent releases from the US Department of the Treasury&#8217;s Bureau of the Fiscal Service, the US Bureau of Labor Statistics, the US Census Bureau, and the Federal Reserve Board of Governors, a decrease in the nowcast of third-quarter real gross private domestic investment growth from 0.2% to -3.6% was slightly offset by an increase in the nowcast of third-quarter real government spending growth from 1.7% to 2.0%,&#8221; Atlanta Fed explained in its publication.<br><br>As for the market\u2019s reaction; the US Dollar Index largely ignored this report and was last seen posting small daily gains at 106.58.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Federal Reserve Bank of Atlanta&#8217;s GDPNow model, the US economy is expected to grow at an annualized rate of 1.8% in the third quarter, down from 2.5% in the previous estimate.&#8220;After recent releases from the US Department of the Treasury&#8217;s Bureau of the Fiscal Service, the US Bureau of Labor Statistics, the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":32108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[9861,7903,194,7826],"class_list":["post-70232","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-atlanta-fed","tag-economic-growth","tag-gdp","tag-q3"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70232"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70232\/revisions"}],"predecessor-version":[{"id":70236,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70232\/revisions\/70236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32108"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}