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 US Bureau of Economic Analysis (BEA) will release on Thursday, July 29, its first estimate of the annualized Gross Domestic Product (GDP) growth for the second quarter. Investors expect the US economy to have expanded by 8.6% following the 6.4% growth recorded in the first quarter.
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.
When the economy grew by 4% annualized in mid-2018, then-President Donald Trump called a special press conference to celebrate that. However, the 4% growth rate in the fourth quarter of 2020 only points to a slowdown after the post-lockdown bounce.
The United States' Real Gross Domestic Product (GDP) expanded at an annual rate of 4% in the fourth quarter, the US Bureau of Economic Analysis' advance estimate showed on Thursday. This reading followed the 33.4% growth recorded in the third quarter and came in line with analysts' estimates.
