US: Real GDP increased 3.1% in Q1 to come in line with market estimate

According to the second estimate of the U.S. Bureau of Economic Analysis, real GDP in the U.S. expanded by 3.1% in the first quarter of 2019 compared to 3.2% announced in the first estimate and matched the market expectation.

The initial market reaction to this reading was relatively muted with the US Dollar Index staying flat on the day above 98.