Atlanta Federal Reserve cuts first-quarter GDP estimate to 1.6% as consumer spending softens

The post Euro: Supported by ECB hikes and AI investment – BNP Paribas appeared on BitcoinEthereumNews.com. BNP Paribas projects Eurozone Gross Domestic Product (GDP) growth slowing from 1.5% in 2025 to 1.0% in 2026 and 1.3% in 2027, with inflation rebounding to 3.0% and 3.3%. Activity is seen withstanding the energy shock thanks to investment in defence, AI and electrification. The European Central Bank (ECB) is expected to deliver two 25 bp hikes in 2026, while EUR/USD is forecast at 1.21 by Q4 2026 and 1.25 by Q4 2027. Eurozone growth slows but stays resilient “Eurozone growth would slow due to spillovers from the Middle East conflict.” “GDP growth, which reached 1.5% in 2025, would slow down to 1.0% in 2026 and 1.3% in 2027, while inflation would rebound to 3.0% in 2026 and 3.3% in 2027 (compared to 2.1% in 2025).” “Activity would nevertheless withstand the energy shock, supported by investment in defence, AI, and electrification, which should continue to boost intra-EU trade.” “As

The post Swiss Franc picks up from session lows following upbeat Swiss data releases appeared on BitcoinEthereumNews.com. The Swiss Franc (CHF) holds moderate losses against the US Dollar (USD) on Monday, but has bounced up from daily lows, as Swiss Gross Domestic Product (GDP) and Retail Sales Figures pointed to a resilient economy in the face of the Iran war and the energy shock stemming from it. The USD/CHF pair trades at 0.7825 at the time of writing, after pulling back from session highs, near 0.7840. Data released by the Swiss Federal Statistics Office revealed that economic growth accelerated to 0.7% in the first three months of the year, beating expectations of a 0.5% gain, and following an upwardly revised 0.2% growth in Q4. Compared with the same quarter last year, however, economic growth slowed down to 0.5%, following a 1% advance in the previous quarter.  Earlier on Monday, Swiss Retail Sales data also beat expectations with a 1.6% yearly growth in April, well above market

The post German Retail Sales decline by 0.3% MoM in April vs. -0.4% expected appeared on BitcoinEthereumNews.com. German Retail Sales, a key measure of consumer spending, declined again in April. The consumer spending measure fell 0.3% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.4%. In March, Retail Sales dropped by 0.3% (revised from 2.0%) On an annualized basis, Retail Sales decreased 0.3%, compared to the prior release of a 0.2% decline (revised from 2.0%).  Market reaction No immediate reaction was observed in the Euro (EUR) after the data release. As of writing, the EUR/USD pair is down 0.04% on the day at 1.1655. Euro FAQs The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a d

Rising credit card debt may lead to increased defaults and reduced consumer spending, impacting retail and hospitality sectors negatively. The post Credit card debt at US commercial banks hits record $1.09 trillion appeared first on Crypto Briefing.

The post Economic calendar May 28: Traders brace as GDP, PCE and oil inventories collide appeared on BitcoinEthereumNews.com. Traders face a dense US data slate today, with the economic calendar clustering several market‑moving releases into a narrow afternoon window. The US economic calendar today: a high‑impact cluster The economic calendar for 28 May 2026 concentrates key macro releases in the US afternoon session. Consequently, liquidity and volatility risks are likely to rise around the publication times, as multiple asset classes react simultaneously. Equity indices, US Treasuries, the US dollar and energy benchmarks may all re‑price in response to the data pack. Because the releases address both growth and inflation, they speak directly to expectations for future Federal Reserve policy. Therefore, intraday traders will be watching not just the headline figures, but also the interaction between them. Revised Q1 GDP: growth reassessed at 14:30 The first major entry on the US econo

The post US Dollar: Data focus and Fed expectations – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Michael Pfister notes that if negotiations with Iran fail to progress, markets will turn to a heavy slate of US data, including the second estimate of first-quarter GDP and key PCE inflation readings. With FOMC rhetoric turning more hawkish, he stresses that solid growth and stronger PCE are needed to sustain current US rate hike expectations and support the US Dollar. US data and Fed rhetoric in focus “If no significant progress is made in today’s negotiations either, the market will likely focus this afternoon on the series of US data set to be released.” “Admittedly, it is ‘only’ the second estimate of US growth in the first quarter, and the PCE index can usually be estimated quite well from the already released inflation and producer price figures.” “However, given that statements from FOMC members have become increasingly hawkish in recent days and weeks – which is

AI-driven capital expenditure may boost GDP and employment but risks inflation persistence and higher borrowing costs, challenging economic stability. The post Morgan Stanley questions whether AI has made the US economy less responsive to market forces appeared first on Crypto Briefing.

Record-low consumer sentiment may signal reduced spending, impacting GDP, while Bitcoin's resilience highlights shifting investment dynamics. The post US consumer sentiment hits lowest level in history as Bitcoin holds near $77K appeared first on Crypto Briefing.