The US economy is expected to expand by 19.1% in the third quarter, the Federal Reserve Bank of Philadelphia’s latest survey showed on Friday. This figure followed a 10.6% growth forecast announced in the previous survey. Additional takeaways “Us Q4 GDP growth seen at +5.8% vs previous forecast of +6.5%.” “Payrolls seen growing average 2,068,600/month in Q3 vs previous forecast of 2,328,900/month.” “Payrolls seen growing average 398,500/month in Q3 vs previous forecast of 900,900/month.” “Q3 unemployment rate seen at 10.0% vs previous forecast of 12.9%.” “Q4 unemployment rate seen at 9.5% vs previous forecast of 11.0%.” Market reaction The US Dollar Index edged slightly higher in the last minutes and was last seen losing 0.09% on the day at 93.17. 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 Gold remains on the defensive, around $1945 area FX Street 2 years The US economy is expected to expand by 19.1% in the third quarter, the Federal Reserve Bank of Philadelphia's latest survey showed on Friday. This figure followed a 10.6% growth forecast announced in the previous survey. Additional takeaways "Us Q4 GDP growth seen at +5.8% vs previous forecast of +6.5%." "Payrolls seen growing average 2,068,600/month in Q3 vs previous forecast of 2,328,900/month." "Payrolls seen growing average 398,500/month in Q3 vs previous forecast of 900,900/month." "Q3 unemployment rate seen at 10.0% vs previous forecast of 12.9%." "Q4 unemployment rate seen at 9.5% vs previous forecast of 11.0%." Market reaction The US Dollar… 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.
