The real gross domestic product (GDP) in the United States is expected to grow by 8.3%, down from 10% on March 1, in the first quarter of 2021, the Federal Reserve Bank of Atlanta’s latest GDPNow report showed on Friday. “After Monday’s GDPNow update and subsequent releases from the US Census Bureau, the US Bureau of Economic Analysis and the Institute for Supply Management, the nowcasts of first-quarter real personal consumption expenditures and first-quarter real gross private domestic investment growth decreased from 8.8% and 18.7%, respectively, to 7.5% and 15.8%, respectively,” the Atlanta Fed explained. “The nowcast of the contribution of the change in real net exports to first-quarter real GDP growth decreased from -0.86% to -1.10%.” Market reaction The greenback continues to outperform its rivals after this report and the US Dollar Index was last seen gaining 0.4% on the day at 92.00. 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/CAD back below 1.2700 as crude oil rally, strong data keeps CAD supported FX Street 1 year The real gross domestic product (GDP) in the United States is expected to grow by 8.3%, down from 10% on March 1, in the first quarter of 2021, the Federal Reserve Bank of Atlanta's latest GDPNow report showed on Friday. "After Monday's GDPNow update and subsequent releases from the US Census Bureau, the US Bureau of Economic Analysis and the Institute for Supply Management, the nowcasts of first-quarter real personal consumption expenditures and first-quarter real gross private domestic investment growth decreased from 8.8% and 18.7%, respectively, to 7.5% and 15.8%, respectively," the Atlanta Fed explained. "The nowcast of the contribution… 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.
