# US GDP Lower Than Expected in Q1: EUR/USD, GBP/USD, USD/JPY Latest | Investing.com

> The US economy grew 1.6% in the first quarter of 2024 in the preliminary estimate, below the 2.5% expected. The GDP price index rose to 3.1%, above expectations, which pushed back expectations of Federal Reserve rate cuts.

- Date: 2024-04-25 · published 2024-04-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30998-us-gdp-lower-than-expected-in-q1-eur-usd-gbp-usd-usd-jpy-latest-investing-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger-than-expected inflation keeps Fed cuts off the table, supporting the dollar even after the weak growth figure. A firm dollar lowers US export competitiveness and weighs on dollar-denominated grain and meal prices.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-10-14 | [September U.S. producer prices rose 0.4%, more than expected](https://feedsoft.ai/events/50813-september-u-s-producer-prices-rose-0-4-more-than-expected.md) | -0.6% | -1.6% |
| DXY | 2017-08-03 | [U.S. labour market tightening; services sector growth slowing](https://feedsoft.ai/events/69642-u-s-labour-market-tightening-services-sector-growth-slowing.md) | +0.6% | -0.3% |
| DXY | 2021-01-19 | [The Fed - Foreign Exchange Rates - H.10 -  January 19, 2021](https://feedsoft.ai/events/49357-the-fed-foreign-exchange-rates-h-10-january-19-2021.md) | +0.1% | +0.5% |
| DXY | 2019-12-16 | [The Fed - Foreign Exchange Rates - H.10 -
         December 16, 2019](https://feedsoft.ai/events/55753-the-fed-foreign-exchange-rates-h-10-december-16-2019.md) | +0.1% | -0.6% |
| DXY | 2023-01-30 | [The Fed - Foreign Exchange Rates - H.10 - January 30, 2023](https://feedsoft.ai/events/38039-the-fed-foreign-exchange-rates-h-10-january-30-2023.md) | +0.5% | +2.1% |

## Sources

- investing.com: https://www.investing.com/analysis/us-gdp-lower-than-expected-in-q1-eurusd-gbpusd-usdjpy-latest-200647940

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.