The latest GDPNow data release from the Atlanta Fed shows a positive trend in the US economy, with GDP growth increasing to 2.8% for the first quarter of 2024. This uptick is likely to impact the forex and stock markets, with the US dollar expected to strengthen against other major currencies. The Federal Reserve's commitment to raising interest rates to combat inflation further supports a bullish outlook for the US dollar. Central banks worldwide may also tighten monetary policies in response to rising inflation. Overall, the global economy shows strong growth prospects, with investors advised to monitor upcoming data releases and central bank meetings for market insights.
The latest data release from the Atlanta Fed GDPNow for the first quarter of 2024 has shown a slight...Subscribe to access the full content