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
Start investing today or test a free demo
Open account Try 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
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
