According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow 2.8% annually in the third quarter, down slightly from the previous 2.9%. „The growth of personal consumption expenditure fell to 1.2 percent in the third quarter from 1.3 percent after recent releases from the US Bureau of Labor Statistics and the US Census Bureau,” explained the Atlanta Fed. MARKET REACTION The USD Index showed no immediate reaction to this report and was last up 0.65% on the day at 113.20.

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