The US economy is expected to expand by 15.6% in the third quarter and 7.3% in the fourth quarter, the Federal Reserve Bank of New York’s latest Nowcasting Report showed on Friday.
“News from the JOLTS, PPI, and CPI releases were small, leaving the nowcast for both quarters broadly unchanged,” the NY Fed noted in its press release.
Market reaction
This report doesn’t seem to be having a significant impact on the greenback’s performance against its rivals. As of writing, the US Dollar Index was down 0.05% on a daily basis at 93.31.
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