US First Quarter GDP

US First Quarter GDP

Gross domestic product (GDP) is expected to have risen at a 2% annualised rate, primarily driven by what will likely be the strongest quarter for personal spending in nearly two years. That said, Thursday’s report will obscure the evolution of activity in the first quarter.

While the year started with a bang, partly reflecting unseasonably warm weather, household spending lost steam as the quarter progressed.

The GDP report is significant in that it will also offer data-watchers a sneak peek into Friday’s key monthly inflation and spending figures for March.  

Thursday 27th April High Impact Events

The times below are GMT+3

  • 15.30 – US – Advanced GDP q/q, Unemployment Claims

Potential instruments to Trade: USD Crosses. 

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