Real GDP grew only 2.0% at an annualized rate in the third quarter, which marked a significant downshift from the rate of growth that the economy posted in the first half of the year. Supply chain constraints, which are causing many prices to rise sharply and making many goods simply unavailable, were evident in the underlying details.
The US economy has grown by 6.5% in the second quarter, far lower than 8.6% projected. Disappointing data could prevent Fed tightening for longer, a boon for stocks.
The United States' Real Gross Domestic Product (GDP) expanded at an annual rate of 6.5% in the second quarter of 2021, the US Bureau of Economic Analysis first estimate showed on Thursday.
The Federal Reserve will keep printing dollars and depress the currency – less than 24 hours after making that assumption, Gross Domestic Product figures for the first quarter are already causing a rethink. While the headline is at 6.4% annualized growth – well within expectations – the components are pointing to heating and perhaps overheating economy. That could boost the dollar.
The United States' Real Gross Domestic Product (GDP) expanded at an annual rate of 4.3% in the fourth quarter, the US Bureau of Economic Analysis reported on Thursday. This reading came in better than the previous estimate and market expectation of 4.1%.
The United States' Real Gross Domestic Product (GDP) expanded at an annual rate of 4.1% in the fourth quarter, the US Bureau of Economic Analysis' second estimate showed on Thursday. This reading followed the initial estimate of 4% and came in line with the market expectation.
