US: Atlanta Fed's GDPNow drops to 8.3% for Q2 after latest US data

Eren Sengezer FXStreet

The real gross domestic product (GDP) in the United States is expected to grow by 8.3%, down from 9.7% on June 24, in the second quarter of 2021, the Federal Reserve Bank of Atlanta's latest GDPNow report showed on Friday.

After this morning’s releases from the Bureau of Economic Analysis, the nowcast of second-quarter real gross private domestic investment growth decreased from 13.1% to 6.8%," Atlanta Fed explained in its publication.

Market reaction

The US Dollar Index showed no reaction to this report and was last seen flat on the day at 91.79.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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