Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Atlanta Fed Holds Second Quarter GDP Estimate at 4.5 Percent
Newsmax ^ | Wednesday, 18 July 2018 12:23 PM | By f mcguire

Posted on 07/18/2018 10:16:28 AM PDT by GonzoII

The U.S. economy is growing at a 4.5 percent annualized rate in the second quarter following strong economic data, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.

The latest estimate on gross domestic product growth was the same as Monday but faster than the 3.9 percent pace estimated a week ago, the Atlanta Fed said.

After the Federal Reserve Board of Governors' industrial production release on Wednesday, July 17, modest increases in the nowcasts of second-quarter real consumer spending growth and second-quarter real private fixed investment growth were offset by a decrease in the nowcast of second-quarter real private inventory investment.

The nowcast of second-quarter real residential investment growth inched down from 0.4 percent to 0.0 percent after this morning's new residential construction release from the U.S. Census Bureau.

The next GDPNow update is Thursday, July 26.

By comparision, the New York Fed forecasts have been running much lower than Atlanta.

The New York Fed Staff Nowcast stands at 2.8% for the second quarter and 2.6% for the third quarter. That would follow just 2 percent growth in the first three months of the year.

Economists widely expect second-quarter growth to approach 4 percent after GDP rose 2 percent in the first quarter and 2.3 percent for all of Trump's first year in office in 2017, CNBC explained.

(Excerpt) Read more at newsmax.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Foreign Affairs; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: economy; gdp; trump; trumpwinsagain
Navigation: use the links below to view more comments.
first 1-2021-29 next last

1 posted on 07/18/2018 10:16:28 AM PDT by GonzoII
[ Post Reply | Private Reply | View Replies]

To: GonzoII
Trump's and his deplorables fault!

MAGA!

2 posted on 07/18/2018 10:20:23 AM PDT by Grampa Dave (Investigate how Mexico has manipulated and interfered with our elections, since Ike was president!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII

WINNING!

I helped! My BFFs and I did a lot of Lunching and Shopping in July and I’ve also updated blinds and window treatments for our house. We also bought some more guns & ammo.

You’re Welcome!

Signed,

Deplorable Diana :)


3 posted on 07/18/2018 10:25:11 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
[ Post Reply | Private Reply | To 1 | View Replies]

BFL


4 posted on 07/18/2018 10:31:00 AM PDT by DoodleDawg
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII

Bump!


5 posted on 07/18/2018 10:31:40 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grampa Dave
"MAGA!"

It's been a great ride ain't it? My next dream headline is "BREAKING: China Capitulates in Trade War!"

6 posted on 07/18/2018 10:34:34 AM PDT by GonzoII ("If the new crime be, to believe in God, let us all be criminals" -Sheen)
[ Post Reply | Private Reply | To 2 | View Replies]

To: GonzoII
The New York Fed Staff Nowcast stands at 2.8% for the second quarter and 2.6% for the third quarter.

The difference between the NY fed and the Atlanta Fed is 60%.

How can the same group of bankers, all working for the Fed, using the same information have such a monstrous variance?

Is Peter Strozk working with the NY Fed?

7 posted on 07/18/2018 10:35:15 AM PDT by USS Alaska (Kill all mooselimb, terrorist savages, with extreme prejudice! Deus Vult!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII

Bookmark


8 posted on 07/18/2018 10:35:59 AM PDT by aquila48
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII

It’s been a great ride ain’t it? My next dreamore headline is “BREAKING: China Capitulates in Trade War!”

It has been a great ride.

However, we should not waste our time hoping that our corrupted mediots would ever print/announce: China Capitulates in Trade War.

When that happens, it will be ignored by $oreA$$es’ mediot thugs, and they will attack Trump on another Fake News story.


9 posted on 07/18/2018 10:39:21 AM PDT by Grampa Dave (Investigate how Mexico has manipulated and interfered with our elections, since Ike was president!!!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: GonzoII

It’s a WIN!


10 posted on 07/18/2018 10:41:40 AM PDT by GOPJ (https://www.youtube.com/watch?v=U-s1_nfs7f4 STOP https://www.youtube.com/watch?v=O-IsingvI_I)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII

Even my employer has been going out of their way to ask “if I am happy or do I need anything else” when communicating with us in the field.
It is wonderful that we also don’t have a POTUS that wishes to invite foreign workers willing to live with twenty people in a midsize home.


11 posted on 07/18/2018 10:46:56 AM PDT by Blue Jays ( Rock hard ~ Ride free)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII


12 posted on 07/18/2018 10:50:22 AM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII

Dems are thinking there’s plenty of time to turn it all around by November... they’re hoping the economy will get back to the no/slow growth rate with which they became so comfortable under the Obama regime.


13 posted on 07/18/2018 10:51:25 AM PDT by ScottinVA (Liberals, piss off. That is all.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII
Only possible because of the awesome ground work laid out by the previous administration. Right? No, right? 😹😹😹🍿🍻💸
14 posted on 07/18/2018 10:52:24 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: USS Alaska
How can the same group of bankers, all working for the Fed, using the same information have such a monstrous variance?

Different tools using different models to arrive at their conclusions. Historically the NY Fed Nowcast has been more accurate at predicting rate of growth while the Atlanta Fed's GDPNow is a good indication whether growth is speeding up or slowing down within a given quarter.

15 posted on 07/18/2018 10:52:36 AM PDT by DoodleDawg
[ Post Reply | Private Reply | To 7 | View Replies]

To: GonzoII

Bigly!


16 posted on 07/18/2018 10:57:22 AM PDT by RedMonqey ("Those who turn their arms in for plowshares will be doing the plowing for those who didn’t.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII

And the tax cuts have just started kicking in


17 posted on 07/18/2018 10:58:58 AM PDT by Mr. K (No consequence of repealing Obamacare is worse than Obamacare itself.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII

The Deep State numbers will show it as 2.3%.


18 posted on 07/18/2018 11:04:20 AM PDT by tellw (ed)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoII

MAGA BOOKMARKING!


19 posted on 07/18/2018 11:59:05 AM PDT by NetAddicted (Just looking)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

Loved your post!


20 posted on 07/18/2018 12:01:11 PM PDT by iamright (Support FR, freedom's voice!)
[ Post Reply | Private Reply | To 3 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-29 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson