US GDP QoQ Advance: 3.3% vs 2% exp. 4.9% previously
- US GDP Price Index: 1.5% vs 2.2% exp. vs 3.6% previously
- US GDP Deflator: 1.5% vs 3.3% previously
US Core PCE prices: 2% vs 2% exp. and 2% previously
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Create account Try a demo Download mobile app Download mobile app- US PCE Prices Advance: 1.7% vs 2.6% previously
Chicago Fed National Activity Index: -0.15 vs 0.06 exp. and 0.03 previously
US short-term interest-rate futures gain after GDP reading, as speculators add to bets on Fed rate cuts. The data came in good for the stock market, GDP is higher, but price index was lower. Also, a spike in jobless claims fueled US500 gains after key readings from US economy and again regional data, this time from Chicago, surprised markets with a lower than expected reading. The US dollar index (USDIDX) loses slightly, but QoQ GDP reading were much stronger than expected, which signals that US currency may still be in a more favorable position, in a short term.
Source: xStation5
Source: US Bureau of Economic Analysis, Macrobond, XTB Research
Source: US Bureau of Economic Analysis
Source: CFNAI
