Real gross domestic product (GDP) in the United States is expected to grow 6%, up from 5.2% on Jan. 29, in the first quarter of 2021, the latest report showed Monday. GDPNow from the Federal Reserve Bank of Atlanta.
“Following this morning’s ISM Business Manufacturing Report from the Institute for Supply Management and the US Census Bureau’s Construction Spending Report, Immediate First Quarter Real Personal Consumption Spending Growth Forecasts and the growth of real gross domestic private investment in the first quarter increased from 1% and 21.7%, respectively, to 2.2% and 22.2%, respectively ”, explained the Atlanta Fed in its publication.
Market reaction
The US Dollar Index It largely ignored this report and was last seen gaining 0.45% on the day at 91.00.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
