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30 Jul 2021

US: NY Fed's GDP Nowcast rises to 4.2% for Q3 after this week's data

The US economy is expected to grow by 4.2% in the third quarter of 2021, the Federal Reserve Bank of New York's latest Nowcasting Report showed on Friday.

"News from this week’s data releases increased the nowcast for 2021:Q3 by 0.1 percentage point," the NY Fed noted in its publication. "Positive surprises from merchant wholesale inventory data drove the increase."

Market reaction

This report was largely ignored by market participants and the US Dollar Index was last seen rising 0.27% on a daily basis at 92.12.

Jul 30, 2021

ECB to ease further in December even as economy improves – Wells Fargo

Recent data showed the Eurozone economy performed above expectations during the second quarter. Analysts at Wells Fargo explained data the latest repo
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Jul 30, 2021

US: Atlanta Fed's GDPNow stands at 6.1% for Q3 after latest US data

The real gross domestic product (GDP) in the United States is expected to grow by 6.1% in the third quarter of 2021, the Federal Reserve Bank of Atlan
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