The real gross domestic product (GDP) in the United States is expected to grow by 34.6% in the third quarter of 2020, up from 32% on September 25th, the Federal Reserve Bank of Atlanta’s latest GDPNow report showed on Thursday. “After recent releases from the Institute for Supply Management, the US Bureau of Economic Analysis, and the US Census Bureau, the nowcasts of third-quarter real gross private domestic investment growth and third-quarter real personal consumption expenditures growth increased from 38.1% and 34.2%, respectively, to 45.1% and 36.8%, respectively,” Atlanta Fed explained in its publication. “The nowcast of the contribution of change in real net exports to third-quarter real GDP growth decreased from -0.28 percentage points to -0.56 percentage points,” the publication further read. Market reaction The US Dollar Index showed no immediate reaction to this report and was last seen losing 0.07% on the day at 93.74. 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 USD/TRY: CBRT decision is a welcome step, more is needed – Â MUFG FX Street 2 years The real gross domestic product (GDP) in the United States is expected to grow by 34.6% in the third quarter of 2020, up from 32% on September 25th, the Federal Reserve Bank of Atlanta's latest GDPNow report showed on Thursday. "After recent releases from the Institute for Supply Management, the US Bureau of Economic Analysis, and the US Census Bureau, the nowcasts of third-quarter real gross private domestic investment growth and third-quarter real personal consumption expenditures growth increased from 38.1% and 34.2%, respectively, to 45.1% and 36.8%, respectively," Atlanta Fed explained in its publication. "The nowcast of the contribution of change in real net exports to third-quarter… 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.
