Atlanta Fed GDPnow (Q2 initial): 3.7%

The Atlanta Fed's initial GDPNow estimate for Q2 at 3.7% suggests stronger-than-expected growth in the U.S. economy. If this figure holds, it may reinforce the case for the Federal Reserve to maintain a hawkish stance on interest rates, impacting the USD positively and potentially leading to shifts in fixed income markets as traders reassess growth forecasts and inflation implications.