The US GDP report is due out tomorrow and the consensus is -0.3% but I suspect the market shifted to a worse number in light of the poor trade balance data released today.
"After this morning’s Advance Economic Indicators release from the US Census Bureau, the standard and alternative model nowcasts of the contribution of net exports to first-quarter real GDP growth declined from -4.90 percentage points and -2.85 percentage points, respectively, to -5.26 percentage points and -4.05 percentage points," the Atlanta Fed writes.
For tomorrow's GDP report, the market is more likely to focus on final sales to domestic purchasers in the GDP report as it will look through some of the trade turmoil.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about final atlanta fed gdpnow q1 estimate 2 7 vs 2 4 prior was published today ( ) 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 ( Final Atlanta Fed GDPNow Q1 estimate -2.7% vs -2.4% prior )
Also on site :
- Kentucky congressman announces death of longtime staffer, campaign manager
- Camarillo man arrested after stolen camera reactivated and installed on the exterior of a home
- Patricia Heaton Mourns ‘The Middle’ Co-Star: ‘Our Hearts Are Broken’