# US: Trumping the doubters | articles | ING THINK

> ING expects US second-quarter GDP growth around 4%, roughly double the first-quarter pace, driven by a rebound in consumer spending. The bank says the Fed will keep hiking rates despite trade and yield curve concerns.

- Date: 2018-07-24 · published 2018-07-24T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/63950-us-trumping-the-doubters-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Strong US growth and continued Fed hikes support the dollar and US demand, which can weigh on dollar-priced commodities and feed imports.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-17 | [FX Daily: The big unwinding \| articles \| ING THINK](https://feedsoft.ai/events/30940-fx-daily-the-big-unwinding-articles-ing-think.md) | -0.3% | -1.0% |
| DXY | 2019-03-08 | [FX: Dollar against the low yielders \| articles \| ING THINK](https://feedsoft.ai/events/60268-fx-dollar-against-the-low-yielders-articles-ing-think.md) | -0.6% | -0.5% |
| DXY | 2018-04-30 | [More bad news for US dollar bears? \| articles \| ING THINK](https://feedsoft.ai/events/65687-more-bad-news-for-us-dollar-bears-articles-ing-think.md) | +1.0% | +2.2% |
| DXY | 2024-02-05 | [FX Daily: Flip Flop \| articles \| ING THINK](https://feedsoft.ai/events/31892-fx-daily-flip-flop-articles-ing-think.md) | +0.1% | -0.0% |
| DXY | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | -0.6% | -1.8% |

## Sources

- think.ing.com: https://think.ing.com/articles/us-trumping-the-doubters/

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