Atlanta Fed GDPNow (Q1 26): 1.2% (prev. 0.9%)
The Atlanta Fed GDPNow model's revision to 1.2% GDP growth for Q1 2026, up from 0.9%, indicates a stronger-than-expected economic outlook.
The US blockade of the Strait of Hormuz has contributed to the ongoing uncertainty surrounding a second round of talks between Iranian and American negotiators, according to CNN citing officials familiar with the matter
VP Vance has arrived at the White House, via CNN, later adds that Hegseth and Rubio are also there
Atlanta Fed GDPNow (Q1 26): 1.2% (prev. 0.9%)
[MARKET UPDATE]: Oil climbs and stocks slide over the last couple of hours with still no confirmation of US/Iran talks while multiple reports say US delegation has not left for Pakistan yet and Iran has not yet made up its mind
At least 10 ships delayed in loading of grains due to trucker protest at Argentina's Quequen port
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This upward adjustment could influence market expectations for Federal Reserve policy, potentially tightening rates sooner or reinforcing the current trajectory, thereby affecting the USD and fixed income markets.
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