By Jerry Furst- Sr Analyst “1st on Forex” www.Investors-Education-Network.com
February’s GDP and Global Warming?
February’s GDP estimate is expected to come in at 5.7% the same as last months number. The consensus range is a narrow 5.4% to 6.0% of GDP growth (source Econoday).
In January US GDP was reported to be 5.7%. This was at the high end of the consensus range of expectations. The consensus range for January (source Econoday) was expecting GDP to come in between 3.5% to 5.7%. This kind of sounds like global warming in a way that makes people say is this real? Time will tell!
Expectation Range is Tight
The expectation range for February is tight and this may be cause for more extreme volatility. February has a tight 0.6% range in contrast to January’s 2.2% spread
Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN),
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