The US economy is expected to grow 4.3% in the second quarter of 2021, it showed on Friday. the latest Nowcasting Report from the Federal Reserve Bank of New York.
“The news of this week’s data release lowered the immediate forecast for 2021: Second Quarter by 0.3%,” the New York Fed explained in its release. “Negative surprises in real disposable income and manufacturer shipments and new order data accounted for most of the decline.”
Market reaction
Market reaction to this report was largely silent. At time of writing, the US Dollar Index was up 0.15% on the day at 90.14.
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