• One of Wall Street's favorite forecasts for the US economy is looking red-hot, but it may not last

    5 days ago - By Business Insider

    The Atlanta Federal Reserve's GDPNow model forecasts 4.1% growth for the second quarter, the strongest in nearly four years.
    It's probably too soon to count on that being accurate.
    Historically, big spikes in the model have been short-lived as the model incorporated more complete data on the economy.
    The Atlanta Federal Reserve's GDPNow model is at it again.
    Its latest weekly forecast is that the US gross domestic product will grow at an ample annualized rate of 4.1% in the second quarter. That would be a nice jolt from the first quarter when the economy grew 2.3% according to an advance...
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