After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the National Association of Realtors, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth increased from 3.4 percent and -0.2 percent, respectively, to 3.6 percent and 3.8 percent, respectively,” the release from the US Census Bureau said.
US Dollar update
The US Dollar, as measured by the DXY index vs. a basket of currencies is flat for the day in low-volume holiday markets, trading around 104.34. The index has stuck to a range of between 104.124 and 104.536 on the day. However, it has shown signs of recovery in a bullish correction love the past few days, supported by positive US data that has fueled speculation that the Fed will stay the course to fight inflation in 2023.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.fxstreet.com/news/atlanta-fed-q4-gdpnow-tracker-moves-up-37-from-27-202212231825
- a
- analysis
- and
- around
- Association
- basket
- between
- Bullish
- Bureau
- Census
- consumption
- currencies
- data
- day
- Days
- Dollar
- Domestic
- Dxy
- Economic
- Economic Analysis
- Ether (ETH)
- Fed
- few
- fight
- flat
- from
- gross
- Growth
- Holiday
- However
- HTTPS
- in
- increased
- index
- inflation
- investment
- IT
- love
- Markets
- moves
- National
- past
- percent
- personal
- plato
- Plato Data Intelligence
- PlatoData
- positive
- private
- range
- real
- recent
- recovery
- release
- Releases
- Said
- shown
- Signs
- speculation
- stay
- Supported
- The
- to
- Trading
- us
- US Dollar
- will
- zephyrnet