Monday , 25 November 2024
Home Forex Atlanta Fed Q3 GDPNow +3.2% vs +2.5% prior
Forex

Atlanta Fed Q3 GDPNow +3.2% vs +2.5% prior

It’s time to start paying closer attention to this indicator as we count down to the October 30 release of advance GDP for Q3. This is a nice bump and comes after some upbeat economic data.

“After recent 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 third-quarter real personal
consumption expenditures growth, third-quarter real gross private
domestic investment growth, and third-quarter real government spending
growth increased from 3.0 percent, 0.8 percent, and 1.7 percent,
respectively, to 3.3 percent, 3.4 percent, and 2.2 percent.”

here is an easier way to see that jumbled mess of a paragraph

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Eurostoxx futures +0.5% in early European trading

German DAX futures +0.5%French CAC 40 futures +0.4%UK FTSE futures +0.1%The mood...

Gold price sticks to heavy intraday losses amid risk-on mood, holds above $2,650 level

Gold price (XAU/USD) retreats after touching a nearly three-week high, around the...

USD/INR faces some selling pressure on MSCI rebalancing and softer US Dollar

The Indian Rupee (INR) extends the rally on Monday, bolstered by the...

ECB’s Lane: Monetary policy should not remain restrictive for too long

Barring new geopolitical or political risks, a large part of the final...