# U.S. economic growth in 2018 misses Trump's 3 percent target

> US economic growth in 2018 fell short of President Trump's 3 percent target. Slowing growth, weakening global demand and Brexit uncertainty led Fed Chairman Powell to reaffirm a patient stance on further rate hikes in congressional testimony.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/60772-u-s-economic-growth-in-2018-misses-trump-s-3-percent-target
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A slower US economy and a patient Fed reduce pressure for a stronger dollar, which is supportive for dollar-priced grain and meal exports. Weaker global demand is a headwind for feed demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-08 | [Economic Bulletin Issue 1, 2018](https://feedsoft.ai/events/66702-economic-bulletin-issue-1-2018.md) | -0.2% | +0.2% |
| DXY | 2020-07-29 | [Fed decision: Interest rates held steady, economic growth is 'well below' pre-pandemic level](https://feedsoft.ai/events/52026-fed-decision-interest-rates-held-steady-economic-growth-is-well-below-pre.md) | +0.4% | -0.4% |
| DXY | 2018-01-25 | [President Trump talks up dollar in Davos](https://feedsoft.ai/events/10403-president-trump-talks-up-dollar-in-davos.md) | -0.3% | +0.7% |
| DXY | 2018-01-30 | [SA – back in the emerging market fold – ZA Economist](https://feedsoft.ai/events/67278-sa-back-in-the-emerging-market-fold-za-economist.md) | +0.2% | +1.0% |
| DXY | 2017-04-19 | [Deconstructing Trump’s Dollar Talk \| articles \| ING THINK](https://feedsoft.ai/events/71683-deconstructing-trump-s-dollar-talk-articles-ing-think.md) | +0.2% | -0.2% |

## Sources

- reuters.com: https://www.reuters.com/article/business/us-economic-growth-in-2018-misses-trumps-3-percent-target-idUSKCN1QH0HO/

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