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The Atlanta Federal Reserve's GDPNow model predicts a 2.2% growth rate for the United States' second-quarter GDP. This forecast is based on a nowcasting model that synthesizes various economic data to estimate GDP growth. The GDPNow model is updated throughout the quarter as new data becomes available, providing a timely estimate of economic activity. To break it down ¹: - *GDPNow Model*: A forecasting tool used by the Atlanta Fed to estimate GDP growth by aggregating 13 subcomponents that make up GDP. - *Growth Rate*: The predicted 2.2% growth rate is an annualized rate, seasonally adjusted. - *Economic Implications*: A growth rate of 2.2% suggests moderate economic expansion, driven by factors such as consumer spending, business investment, and government spending. It's worth noting that economic forecasts can be subject to revision based on new data and changing economic conditions. The GDPNow model is designed to incorporate the most recent data, providing a current estimate of economic activity . #EconomicGrowth #GDPForecast #USGDP #FederalReserve #EconomicOutlook
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*FOMC Meeting Alert* The market is expected to experience strong fluctuations today and tomorrow, especially for those with long and short positions. *Meeting Details* - *Date*: May 6-7, 2025 - *Decision Announcement Time*: May 8th, 2:00 AM (Hanoi time) - *Chairman Jerome Powell's Press Conference*: May 8th, 2:30 AM (Hanoi time) *Economic Outlook and Interest Rate Decision* - *Current Interest Rate*: 4.25%-4.50% (unchanged since December 2024) - *Recent Economic Data*: - GDP: Decreased by 0.3% in the previous quarter - Employment: Added 177,000 jobs in April - Inflation: Core PCE index increased by 2.6% year-on-year The Fed is expected to maintain the current interest rate and may consider cutting rates later in the year, depending on further economic developments. #FOMC #AltSeasonComing #MarketPullback #FederalReserve #Marketbullish
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I invested my whole wallet (1137 $) in MLN and firmly believe that it will give me a great reward by tomorrow #MarketPullback
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𝗙𝗼𝗿𝗺𝘂𝗹𝗮 𝗙𝗼𝗿 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗶𝗻 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 📍 1) Learn one strategy deeply. 2) Follow a risk management plan. 3) Trade like a business, not a gambler. 4) Stay in the game long enough to win. These principles can help traders to develop a solid foundation for success #MarketPullback
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