Real gross domestic product (GDP) in the United States is expected to grow 4.5%, down from 4.6% on February 10, in the first quarter of 2021, the latest report showed on Friday GDPNow from the Federal Reserve Bank of Atlanta.
“Following this morning’s releases of the US Census Bureau’s Wholesale Trade Report and the US Bureau of Labor Statistics Consumer Price Index report, the current forecast for growth of real gross domestic private investment in the first quarter decreased from 18.2% to 17.4%, “the Atlanta Fed explained in its publication.
Market reaction
The US Dollar Index showed no reaction to this report and was last seen losing 0.1% on the day at 90.35.
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