In the second quarter of 2021, the United States’ real gross domestic product (GDP) is predicted to rise by 7.8%, down from 8.6% on July 1, according to the Federal Reserve Bank of Atlanta’s latest GDPNow report released on Friday.
“The nowcasts of second-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth have decreased from 11.3 percent and 6.1 percent, respectively, to 10.4 percent and 4.7 percent, respectively, following this morning’s releases from the US Bureau of Economic Analysis, the US Census Bureau, and the US Bureau of Labor Statistics,” Atlanta Fed expounded.
This report does not appear to have had a significant impact on the USD’s market value. The US Dollar Index was down 0.1 percent on the day at 92.42 at the time of writing./n
