• Forecasts see economic growth possibly below 2 percent to start the year

    7 monthes ago - By CNBC

    Back in late January the Atlanta Fed was calling for a 5.4 percent GDP gain. It released a reading Wednesday for its widely followed GDP tracker that slashed that projection all the way down to 1.9 percent. That came with similar reductions from J.P. Morgan and Goldman Sachs.
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  • One of Wall Street's most-followed forecasts for the US economy is looking worse and worse

    One of Wall Street's most-followed forecasts for the US economy is looking worse and worse

    7 monthes ago - By Business Insider

    The Atlanta Fed's GDP now tracker projects 1.9% growth for the US economy in the first quarter.
    The tracker saw 5.4% growth in early February.
    President Donald Trump has touted 3% growth for his administration.
    One model that forecasts the US economy's performance saw another big downward revision on Wednesday.
    The Atlanta Federal Reserve's GDPNow model projects that gross domestic product will increase at a 1.8% annualized rate in the first quarter. That's down from last week's 2.5% estimate, and well below the 5.4% print from the beginning of February. A survey of economists conducted by...
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  • Atlanta Fed: GDPNow delines to 1.9% for Q1

    7 monthes ago - By Calculated Risk

    From the Atlanta Fed: GDPNow
    The GDPNow model estimate for real GDP growth in the first quarter of 2018 is 1.9 percent on March 14, down from 2.5 percent on March 9. After yesterday's Consumer Price Index release from the U.S. Bureau of Labor Statistics and this morning's retail sales report from the U.S. Census Bureau, the nowcast of first-quarter real personal consumption expenditures growth fell from 2.2 percent to 1.4 percent.
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