Atlanta Fed GDPNow sitting at 2%

The most recent update for the Atlanta Fed GDPNow is sitting at 2%.

This number can of course still be revised lower thoughout the quarter should US data push lower.

But as it stands at 2%, it makes the case for 50bp (emergency) cuts from the Fed a bit of a strange one.

All eyes on the incoming labour data.

This article was written by Arno V Venter at www.forexlive.com.