American third-quarter GDP rallies by 3.5%

American third-quarter GDP rallies by 3.5%

In the third quarter, the American GDP managed to head north by 3.5%. That’s what follows from data published on Wednesday. It has confirmed an initial forecast, thus leaving the US economy on track for its most impressive yearly expansion since 2005.

As the Bureau of Economic Analysis informed, GDP recorded a seasonally-updated annual rate of 3.5% surge for the three-month from July to September. It happened to be lower than analyst’s expectations for a 3.6% leap.

In addition to this, financial analysts actually expect the firm expansion to resume in the fourth quarter. However, they’re assured that it would be at a slower pace, in the face of estimates that surge will also moderate next year because of the probable fallout from escalating trade clashes, particularly between China and America.

The most recent IHS Markit polls on business activity hinted at surge of 2.5% for the last three months of 2018, matching the current estimate from the Atlanta Fed.

The American economy has performed really good in 2018, with a firm jobs market as well as huge tax cuts assisting to generate the greatest year of GDP surge since 2005. However, maintaining this momentum next year will be difficult, considering the headwinds of the lagged effects of the firm greenback as well as higher interest rates, not to mention the fading support from the fiscal stimulus and also intensifying trade protectionism at a time of softer global surge, as some financial analysts pointed out.

Other experts also told that the decelerating might already be underway due to the fact that companies became less optimistic as for the outlook in November as well as decreased growth in hiring.

As for goods exports, they’re also under soaring pressure, often linked to trade conflicts having affected demand.




ECB Key Rate is in Focus
ECB Key Rate is in Focus

ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.

What Will the Fed Decide?
What Will the Fed Decide?

The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?

The US Fed Becomes More and More Dovish
The US Fed Becomes More and More Dovish

The market is pricing that the Fed will leave the rate at the same level. Meanwhile the major players think that the Fed will start with the monetary easing in the second quarter 2024.

Latest news

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera