The US economy is expected to expand 2.86% in the fourth quarter, the latest Report showed on Friday Nowcasting from the Federal Reserve Bank of New York.
“A positive impact from the JOLTS data was offset by the negative surprises from the CPI data, leaving the immediate forecast practically unchanged,” the New York Fed explained in its release.
Market reaction
This report does not appear to have a significant impact on the performance of the dollar against its rivals. At time of writing, the US Dollar Index was down 0.17% on the day to 92.80.
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