"The advance estimate from the Commerce Department of real GDP growth for 2020:Q2, released on July 30, was -32.9%. The latest New York Fed Staff Nowcast for 2020:Q2 was -13.7%."
"News from this week’s data releases increased the nowcast for 2020:Q3 by 3.5 percentage points."
"Positive surprises from manufacturers’ shipments of durable goods, wholesale inventories, and personal consumption data drove most of the increase for 2020:Q3."
The US Dollar Index paid little to no mind to this report and was last seen gaining 0.1% on a daily basis at 93.06.
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