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 consumption
- strong 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.
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