Preliminary US GDP figures for the first quarter will be due on Thursday, April 25, 2024 at 8:30 a.m. US Eastern Time.
Goldman Sachs forecasts 3.1%, up from 2.5% previously and well above the consensus at 2.5%. The bank analyst quotes:
- high personal consumption
- strong labor market, showing payrolls +303,000 in March and unemployment down to 3.8%
- industrial production +0.4% (also March)
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Get your headphones ready for the S&P 500 if the number is 3.1 from Goldman Sachs!
Earlier:
- Goldman Sachs moved the June convening of the Federal Open Market Committee (FOMC) from the June meeting to the July meeting.
This article was written by Eamonn Sheridan at www.forexlive.com.
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