According to the latest GDPNow report published by the Federal Reserve Bank of Atlanta, the real gross domestic product (GDP) in the United States (US) following today's macroeconomic data releases expected to expand by 1% in the last quarter of the year.
"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is 1.0% on November 8, unchanged from November 5 after rounding," Atlanta Fed said in its publication. "Following this morning's wholesale trade report from the U.S. Census Bureau, the nowcast of the contribution of inventory investment to fourth-quarter real GDP growth increased from -0.59 percentage points to -0.53 percentage points."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.