Rabobank analysts are expecting that the US durable goods orders are likely to show a rebound in March after a modest slowdown in February. Key Quotes “Since durable goods orders made a strong start in January, business investment is likely to make a positive contribution to economic growth in the first quarter. The Atlanta Fed’s GDPNow estimate of Q1 GDP growth (quarter-on-quarter, at an annualized rate) stood at 2.8% on April 19. Sometime after today’s durable goods orders the Atlanta Fed will publish its update of GDPNow. This will be the last nowcast before Friday’s (14:30 CET) official advance estimate of Q1 GDP growth by the Bureau of Economic Analysis (BEA). The current Bloomberg consensus forecast is 2.2%, somewhat lower that the Atlanta Fed’s estimate. However, we should keep in mind that the difference looks bigger in terms of the annualized growth rates used by the BEA.” “The risk of a near term recession has fallen substantially and we expect the current economic expansion to become the longest on record in July.” “Despite the stronger data the US treasury yield curve remains inverted at the 6 month- 5 year segment. This means that the curve continues to point to a recession in 2020. That’s why we expect the US economy to spend the second half of 2020 in recession and the Fed to cut rates in 2020, instead of another hike as implied by the dot plot.” 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 Riksbank turned dovish today – TDS FX Street 4 years Rabobank analysts are expecting that the US durable goods orders are likely to show a rebound in March after a modest slowdown in February. Key Quotes "Since durable goods orders made a strong start in January, business investment is likely to make a positive contribution to economic growth in the first quarter. The Atlanta Fed's GDPNow estimate of Q1 GDP growth (quarter-on-quarter, at an annualized rate) stood at 2.8% on April 19. Sometime after today's durable goods orders the Atlanta Fed will publish its update of GDPNow. This will be the last nowcast before Friday's (14:30 CET) official advance estimate… 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.