US: Atlanta Fed’s GDPNow stands at 6.1% for Q3 after latest US data

The real gross domestic product (GDP) in the United States is expected to grow by 6.1% in the third quarter of 2021, the Federal Reserve Bank of Atlanta’s latest GDPNow report showed on Friday.

“The initial estimate of second-quarter real GDP growth released by the US Bureau of Economic Analysis on July 29 was 6.5%, 0.1 percentage point above the final GDPNow model nowcast released on July 28,” Atlanta Fed noted in its publication.

Market reaction

Market participants showed no reaction to this report and the US Dollar Index was last seen gaining 0.25% on the day at 92.10.