US economic surge in the first quarter speeds down to 2.3%

US economic surge in the first quarter speeds down to 2.3%

As the official report uncovered on Friday revealed, in the first quarter the US economy speeded down.

According to the report of the US Department of Commerce, the updated value of the American GDP surge for the first quarter was raised to approximately 2.3%.

This figure turned to be higher than analysts' estimates that assumed GDP surge at about 2%. In the fourth quarter, the American economy managed to edge up 2.9%.

Slowdown in economic surge compared to the fourth quarter in the main was due to a reduction in growth in the first quarter of real consumer spending in America to about 1.1% after growth of 4% in the previous quarter. By the way, this figure also turned out to be lower than the forecast for surge by 1.2%.

The US GDP deflator in the first quarter tacked on by 2% against the previous surge of 2.3% and compared with a jump of 2.2% in the fourth quarter.

Notwithstanding the dive in indicators, the US recorded the best start of the year from 2015. In addition to this the American economy proceeds with the second longest period of surge after the end of World War II.

Analysts are assured that the report on US GDP won’t probably change the plans of Fed officials to gradually lift the interest rate, considering the expected surge in the American economy in the nearer months because of tax cuts implemented by the Trump administration.

According to the forecast from, market participants are assured that the next interest rate lift will take place in June and also hope that the next hike will be in September.

Data on US GDP growth in the first quarter is going to be updated on May 30 and June 28.


Gold Outlook Ahead of NFP
Gold Outlook Ahead of NFP

Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:

Latest news

Deposit with your local payment systems

Feel the Team Spirit

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!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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