The US economy is expected to grow 15.3% in the third quarter of the year, the latest New York Federal Reserve report showed on Friday.
Key points to remember
The news of this week’s data releases raised the nowcast for 2020: Q3 by 0.7 percentage points.
Positive surprises in shipments of durable goods by manufacturers and personal consumption spending were behind most of the increase.
The US dollar index continues to consolidate Friday’s losses and was last seen losing 0.67% on a daily basis to 92.38.