Atlanta Fed GDPNow growth forecast The Atlanta Fed GDPNow estimate for Q3 growth dipped to 6.1% from 6.3%. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2021 is on August 5, down from 6.3 percent on August 2. After recent releases from the U.S. Bureau of Economic Analysis,
US dollar finds a renewed bid after the bond auction
US dollar climbs The dollar is finding a broad bid as Treasury yields rise in the aftermath of the surprisingly soft . US 30-year auction The bonds sold at 2.000% compared to 1.9760% before the sale. That's a big miss in bond standards and there's been a follow through to 2.018% in the cash market.