Atlanta Fed Lowers U.S Q1 GDP View to 0.5%

The U.S. economy is on track to expand at a 0.5 percent annualized pace in the first quarter following data on March retail sales and consumer prices released on Friday, the Atlanta Federal Reserve’s GDP Now forecast model showed.

Stocks , Dollar and Yields under Geopolitical and Economic Pressure

The latest first-quarter gross domestic product estimate was lower than the 0.6 percent growth rate calculated on April 7, the Atlanta Fed said on its website.

Reuters

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell