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New York Fed GDP remains unchanged at 3.2% for the second quarter after this week’s data

The U.S. economy is expected to grow 3.2% and 4.2% in the second and third quarters of 2021, respectively, it showed on Friday. the latest Nowcasting Report from the Federal Reserve Bank of New York.

“The news from this week’s data releases left the current forecast for 2021 – the second quarter virtually unchanged, and increased the current forecast for the third quarter of 2021 by 0.4%,” the New York Fed explained in its release. . “A positive surprise from Empire State Manufacturing Survey data accounted for most of the increase in the third quarter of 2021.”

Market reaction

This report does not appear to have a noticeable impact on the performance of the USD against its rivals. At the time of writing, the US dollar index it was up 0.14% on the day at 92.68.

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