Real GDP Growth (QoQ Annualized)
Real GDP growth, quarter-over-quarter annualized (%, quarterly)
| Property | Value |
|---|---|
| Category | macro |
| Unit | % |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/sentiment |
| Field | real_gdp_growth |
Overview
Real Gross Domestic Product growth rate, quarter-over-quarter at an annualized rate (FRED A191RL1Q225SBEA), reported quarterly by the Bureau of Economic Analysis. The broadest aggregate measure of US economic output, adjusted for inflation.
Interpretation
- Trend growth (~2% real): healthy expansion, neutral for risk assets.
- Above-trend growth (>3%): often coincides with rising inflation pressure and tighter Fed policy — eventually a headwind for BTC.
- Below-trend or negative growth: recession or stagflation regime, often precedes Fed easing — historically a tailwind for BTC once cuts begin.
Use Cases
- Use as the headline cycle indicator for BTC macro positioning.
- Combine with
macro_unemployment_rateto triangulate the Fed's dual-mandate trade-off. - Watch for two consecutive negative quarters as the technical-recession threshold that often catalyses policy responses favourable to BTC.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/macro/sentiment?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- Unemployment Rate — US civilian unemployment rate (%, monthly)
- CPI (All Urban) — Consumer Price Index for all urban consumers (index, monthly)
- Fed Funds Target Rate — US federal funds upper-bound target rate (%, daily)
- U Michigan Consumer Sentiment — University of Michigan Consumer Sentiment Index (monthly)