US GDP expected to highlight steady growth in Q3

The US Bureau of Economic Analysis is set to release the preliminary estimate of the third-quarter Gross Domestic Product (GDP) on Tuesday at 13:30 GMT. Analysts expect an annualized growth rate of 3.2%, which is a slowdown from the previous quarter's growth of 3.8%. This figure indicates that the US economy continues to exhibit steady growth, having implications for investor sentiment in the market. Strong economic indicators may lead to a reassessment of the likelihood of interest rate hikes by the Federal Reserve, potentially impacting the value of the dollar and increasing volatility in the forex market. Investors should closely monitor the reactions following the announcement and adjust their positions accordingly as needed. If the growth forecast is met, positive impacts on equity and forex markets can be anticipated.