The Moneylust

The US GDP reading, Q1 preliminary, is due at 8.30 US Eastern time on Thursday, 25 April 2024.

Goldman Sachs are forecasting 3.1%, from 2.5% previously and well above consensus at 2.5%. Analsyst at the bank cite:

strong personal consumptionstrong labor market, pointing to March payrolls +303,000 & unemployment down to 3.8%industrial production +0.4% (March also)

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Get your crash helmet ready for S&P 500 if the number is Goldman Sachs’ 3.1!

Earlier:

Goldman Sachs shifted their June Federal Open Market Committee (FOMC) call from the June meeting to the July meeting.

This article was written by Eamonn Sheridan at www.forexlive.com.