The real gross domestic product (GDP) in the United States is expected to grow by 20.5%, up slightly from 20.3% on August 5th, in the third quarter of 2020, the Federal Reserve Bank of Atlanta’s latest GDPNow report showed on Wednesday. “After this morning’s releases of the employment report by the US Bureau of Labor Statistics and the wholesale trade report from the US Census Bureau, an increase in the nowcast of third-quarter real government spending growth from 6.9% to 14.0% was partially offset by a decrease in the nowcast of third-quarter real personal consumption expenditures growth from 23.1% to 21.9%, and a decrease in the nowcast of third-quarter real gross private domestic investment growth from 12.2% to 9.5%,” Atlanta Fed explained in its publication. Market reaction The US Dollar Index clings to decisive daily gains after this report and was last seen at 93.47, where it was up 0.75% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index: DXY rebound continues after Nonfarm Payrolls but caution needed FX Street 2 years The real gross domestic product (GDP) in the United States is expected to grow by 20.5%, up slightly from 20.3% on August 5th, in the third quarter of 2020, the Federal Reserve Bank of Atlanta's latest GDPNow report showed on Wednesday. "After this morning's releases of the employment report by the US Bureau of Labor Statistics and the wholesale trade report from the US Census Bureau, an increase in the nowcast of third-quarter real government spending growth from 6.9% to 14.0% was partially offset by a decrease in the nowcast of third-quarter real personal consumption expenditures growth from 23.1% to 21.9%, and a decrease in the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
