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Your email address will not be published.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

Bessent said his policy priority will be to deliver on Trump’s various tax-cut pledges

Wall Street Journal (gated) with the report :In his first interview following...

UBS target US$2,900 gold year-end 2025 – preferred hedge against geopolitical tensions

The gold price has fallen away to open the week here in...

Bank of England Dhingra and Lombardelli speaking on Monday

The Bank of England reduced rates by 25 basis points to 4.75%...

Japanese Yen builds on its weekly bullish gap-up against USD

The Japanese Yen (JPY) strengthens against its American counterpart at the start...