Skip to comments.Atlanta Fed Holds Second Quarter GDP Estimate at 4.5 Percent
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 Reserves 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 ...
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.
Deplorable Diana :)
It's been a great ride ain't it? My next dream headline is "BREAKING: China Capitulates in Trade War!"
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?
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.
It’s a WIN!
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.
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.
And the tax cuts have just started kicking in
The Deep State numbers will show it as 2.3%.
Loved your post!
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