The Atlanta Fed’s GDP falls to 3.6% for the third quarter after the latest US data.

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Real gross domestic product (GDP) in the United States is expected to grow 3.6% in the third quarter of 2021, down from 3.7% on September 10, it showed on Thursday the latest GDPNow report from the Federal Reserve Bank of Atlanta.

“Following this week’s releases from the US Bureau of Labor Statistics, the US Treasury Bureau of Fiscal Services, the US Census Bureau, and the US Board of Governors. the Federal Reserve, a decrease in the current forecast of the figures The growth of national investment from 19.2% to 18.9% was partially offset by an increase in the immediate forecast of the growth of real personal consumption spending for the third quarter from 2.1% to 2.2%, “explained the Atlanta Fed. “The immediate forecast of the contribution of the variation of real net exports to the growth of real GDP in the third quarter increased from -1.41% to -1.37 percentage points.”

Market reaction

This report does not appear to have a noticeable impact on the performance of the USD against its rivals. At time of writing, the US Dollar Index was up 0.5% on the day to 92.93.

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