Still expecting 7% full-year growth in 2021

St. Louis Fed President James Bullard said on Thursday that the second-quarter GDP was a bit lower than expected six or eight weeks ago but noted that he still sees a strong growth toward the end of the year, as reported by Reuters.

Additional takeaways

“Still expecting 7% full-year growth for US in 2021.”

“Seeing above-trend growth for quite some time in US.”

“Productivity seems much higher, on the cusp of that continuing as technology spreads.”

Market reaction

The US Dollar Index edged slightly higher following these comments and was last seen rising 0.1% on the day at 91.97.

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