Analysts anticipate a 3.2% annualized growth in the U.S. GDP for the third quarter, a decrease from the 3.8% growth recorded in the second quarter. The Bureau of Economic Analysis is set to release its initial estimate at 13:30 GMT on Tuesday. Meanwhile, the Atlanta Federal Reserve's GDPNow model predicts a slightly higher growth rate of 3.5%.
The recent rise in unemployment to 4.6% in November could impact the final GDP figure. Additionally, the upcoming GDP and inflation data are expected to influence the U.S. dollar's performance, with weaker-than-expected results potentially leading to a decline in the DXY index.
Analysts Forecast 3.2% Growth in U.S. Q3 GDP Ahead of Official Data
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