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29.04.2021 02:52 PM
US GDP report for Q1 2021

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S&P500 dynamic ahead of the market opening

The US published its GDP report for the first quarter. The data is strong, but ambiguous. GDP advanced by 6.2% on a yearly basis, proving the highest forecasts. However, the GDP deflator surged by 4.1%. This is a real alarm signal for the US Fed.

At the same time, the US labor market report disclosed that the number of the first-time claims increased by 553 thousand like in the previous week. At the same time, the number of continuing claims dropped by 14 thousand to 3.660 million.

Jozef Kovach,
Analytical expert of InstaForex
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