The real gross domestic product (GDP) in the United States is expected to expand by 19.6% in the third quarter of 2020, the Federal Reserve Bank of Atlanta’s latest GDPNow report showed on Monday. “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2020 is 19.6% on August 3, up from 11.9% on July 31,” the Atlanta Fed noted in its publication. “After this morning’s Manufacturing ISM Report On Business from the Institute for Supply Management and the construction spending report from the US Census Bureau, the nowcasts of third-quarter real personal consumption expenditures growth and third-quarter real gross private domestic investment growth increased from 14.4% and -1.7%, respectively, to 22.4% and 11.1%, respectively.” Market reaction The US Dollar Index continues to consolidate its daily gains after this report and was last seen gaining 0.2% on a daily basis at 93.64. 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 GBP/USD rebounds from near 1.3000 and trims losses FX Street 3 years The real gross domestic product (GDP) in the United States is expected to expand by 19.6% in the third quarter of 2020, the Federal Reserve Bank of Atlanta's latest GDPNow report showed on Monday. "The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2020 is 19.6% on August 3, up from 11.9% on July 31," the Atlanta Fed noted in its publication. "After this morning's Manufacturing ISM Report On Business from the Institute for Supply Management and the construction spending report from the US Census Bureau, the nowcasts of third-quarter real personal consumption expenditures growth and third-quarter real gross… Regulated 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.
