US GDP frows at an annual rate of 3% in Q2 vs. 2.4% forecast
The post US GDP frows at an annual rate of 3% in Q2 vs. 2.4% forecast appeared on BitcoinEthereumNews.com. The United States’ Gross Domestic Product expanded at an annual rate of 3% in the second quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Wednesday. This print followed the 0.5% contraction recorded in the first quarter and came in better than the market expectation for an expansion of 2.4%. Other details of the report showed that the Core Personal Consumption Expenditures (PCE) Price Index rose 2.5% on a quarterly basis in the second quarter, compared to the market expectation of 2.4%. Additionally, Gross Domestic Product Price Index rose 2% in Q2, down from the 3.8% increase seen in Q1. “The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending,” the BEA noted in its press release. “These movements were partly offset by decreases in investment and exports.” Market reaction to US GDP data The US Dollar (USD) gathers strength following the upbeat GDP data. At the time of press, the USD Index was trading at its highest level in five weeks at 99.25, rising 0.35% on a daily basis. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.53% 0.15% 0.22% 0.27% 0.61% 0.41% 0.41% EUR -0.53% -0.34% -0.34% -0.29% 0.04% -0.13% -0.08% GBP -0.15% 0.34% -0.04% 0.11% 0.41% 0.25% 0.28% JPY -0.22% 0.34% 0.04% 0.11% 0.44% 0.25% 0.25% CAD -0.27% 0.29% -0.11% -0.11% 0.34% 0.14% 0.17% AUD -0.61% -0.04% -0.41% -0.44% -0.34% -0.16% -0.13% NZD -0.41% 0.13% -0.25% -0.25% -0.14% 0.16% 0.03% CHF -0.41% 0.08% -0.28% -0.25% -0.17% 0.13% -0.03% The heat map shows percentage changes…
The post US GDP frows at an annual rate of 3% in Q2 vs. 2.4% forecast appeared on BitcoinEthereumNews.com.
The United States’ Gross Domestic Product expanded at an annual rate of 3% in the second quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Wednesday. This print followed the 0.5% contraction recorded in the first quarter and came in better than the market expectation for an expansion of 2.4%. Other details of the report showed that the Core Personal Consumption Expenditures (PCE) Price Index rose 2.5% on a quarterly basis in the second quarter, compared to the market expectation of 2.4%. Additionally, Gross Domestic Product Price Index rose 2% in Q2, down from the 3.8% increase seen in Q1. “The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending,” the BEA noted in its press release. “These movements were partly offset by decreases in investment and exports.” Market reaction to US GDP data The US Dollar (USD) gathers strength following the upbeat GDP data. At the time of press, the USD Index was trading at its highest level in five weeks at 99.25, rising 0.35% on a daily basis. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.53% 0.15% 0.22% 0.27% 0.61% 0.41% 0.41% EUR -0.53% -0.34% -0.34% -0.29% 0.04% -0.13% -0.08% GBP -0.15% 0.34% -0.04% 0.11% 0.41% 0.25% 0.28% JPY -0.22% 0.34% 0.04% 0.11% 0.44% 0.25% 0.25% CAD -0.27% 0.29% -0.11% -0.11% 0.34% 0.14% 0.17% AUD -0.61% -0.04% -0.41% -0.44% -0.34% -0.16% -0.13% NZD -0.41% 0.13% -0.25% -0.25% -0.14% 0.16% 0.03% CHF -0.41% 0.08% -0.28% -0.25% -0.17% 0.13% -0.03% The heat map shows percentage changes…
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