Nathan Janzen, senior economist at the Royal Bank of Canada, notes that the US GDP increased a stronger-than-expected 3.2% in Q1, above expectations for a 2% increase. Key Quotes “The composition of growth isn’t particularly solid. More than half of the headline 3.2% GDP gain came from a lumpy surge in net exports and a build in inventories – neither of which is likely to be repeated any time soon. But a 1.2% increase in consumer spending also looks understated given rising wages and still-strong employment growth trends.” “The Federal Reserve’s abrupt move to the sidelines in terms of the rate hiking cycle in recent months, though, had more to do with external growth concerns and muted inflation pressures than domestic economic data.” “With the fed funds target range currently not that far from the longer-run neutral rate and inflation pressures benign, there is little pressuring the Fed to move more quickly on rates. Stronger economic growth data does, however, argue against market pricing implying that the next move is more likely to be a cut than a hike.” 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 US: Decent growth suggests Fed rate cut unlikely – ING FX Street 4 years Nathan Janzen, senior economist at the Royal Bank of Canada, notes that the US GDP increased a stronger-than-expected 3.2% in Q1, above expectations for a 2% increase. Key Quotes "The composition of growth isn't particularly solid. More than half of the headline 3.2% GDP gain came from a lumpy surge in net exports and a build in inventories - neither of which is likely to be repeated any time soon. But a 1.2% increase in consumer spending also looks understated given rising wages and still-strong employment growth trends." "The Federal Reserve's abrupt move to the sidelines in terms… 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.
