US: Atlanta Fed's GDPNow rises to 3.7% for Q3 after latest US data

Eren Sengezer FXStreet

The real gross domestic product (GDP) in the United States is expected to grow by 3.7% in the third quarter of 2021, up slightly from 3.6% on September 16, the Federal Reserve Bank of Atlanta's latest GDPNow report showed on Tuesday.

"After this morning's housing starts report from the US Census Bureau, the nowcast of third-quarter real residential investment growth increased from -1.6% to -1.5%," Atlanta Fed explained in its publication.

Market reaction

This report doesn't seem to be having a noticeable impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was unchanged on the day at 93.22.

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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