Atlanta Fed's GDPNow stands at 2.7% for first quarter of 2020

The real gross domestic product (GDP) in the United States is expected to expand by 2.7% in the first quarter of 2020, the Federal Reserve Bank of Atlanta said in its latest GDPNow report.

"The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2020 is 2.7% on January 31," the publication read. "The initial estimate of fourth-quarter real GDP growth released by the U.S. Bureau of Economic Analysis on January 30 was 2.1%, 0.4 percentage points above the final GDPNow model nowcast released on January 29."

Jan 31, 2020

NY Fed's GDP Nowcast fell to 1.5% for first quarter of 2020 from 1.7%

"Yesterday’s advance estimate from the Commerce Department of real GDP growth for 2019:Q4 was 2.1%. The latest New York Fed Staff Nowcast was 1.2%," n

Can the Fed heavily pressure the USD? – Rabobank

"While the DXY dollar index turned lower following the dovish leaning of the FOMC on January 29, it remains above its January 21 level," note Rabobank