Atlanta Fed cuts its GDP forecasts for the U.S.

Market news

29 March 2016

Atlanta Fed cuts its GDP forecasts for the U.S.

Atlanta Fed downgraded its GDP forecasts for the U.S. GDP is expected to be 0.6% in the first quarter, down from the previous estimate of 1.4%. The downward revision was driven by yesterday's release of the personal income and spending data.

Consumer spending was lowered to 1.8% from 2.5%.

Option expiries for today's 10:00 ET NY cut

Household spending in Japan rises 1.2% year-on-year in February

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