Atlanta Fed GDPNow slashed to 2.3% from 3.2% ...Middle East

The Atlanta Fed said:

"After this morning’s Advance Economic Indicators release from the US Census Bureau, the nowcast of fourth-quarter real gross private domestic investment growth decreased from 0.1 percent to -0.9 percent, while the nowcast of the contribution of net exports to fourth-quarter real GDP growth fell from 0.10 percentage points to -0.61 percentage points."

The consensus for tomorrow's report is 2.6% but there are downside risks to that now, which are downside risks to the US dollar. Given these skews, I would peg GDP at 2.2% tomorrow.

This article was written by Adam Button at www.forexlive.com.

Hence then, the article about atlanta fed gdpnow slashed to 2 3 from 3 2 was published today ( Wednesday 29/01/2025 - 06:30 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Atlanta Fed GDPNow slashed to 2.3% from 3.2% )

Also on site :

• Sinkhole on East Franklin Street Closes Lanes; Chapel Hill Urges for Detours
• Fire crews and Hazmat teams responded to fire involving lithium ion batteries at Higuera Street facility
• Suspect in Mississippi synagogue fire laughed as he confessed to his dad, authorities say