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Atlanta Fed Boosts Second Quarter GDP Forecast to 4.8%
Breitbart ^ | 06/01/18 | John Carney

Posted on 06/01/2018 6:59:41 PM PDT by Enlightened1

The U.S. economy is expanding at a 4.8 percent annualized rate in the second quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.

The forecast has been climbing higher following the release of a series of good economic data. On May 25, the measure foresaw four percent GDP growth. This rose to 4.7 percent Thursday and ticked even higher on Friday following the better than expected jobs report for May.

The Atlanta Fed forecasts a big boost in private sector fixed investment, which includes capital investment in machinery, land, buildings, vehicles, and technology. Earlier, the Atlanta Fed saw this growing at 4.6 percent. But following the release Friday of a construction spending report from the U.S. Census Bureau and the Manufacturing ISM Report On Business from the Institute for Supply Management, this was upgraded to 5.4 percent growth.

Consumer spending is expected to grow at a 4.6 percent rate, up from 3.4 percent prior to the Friday data releases.

The New York Fed’s Nowcast also rose Friday, to 3.5 percent from 3.0 percent a week ago.

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


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: atlanta; fed; gdp; maga; secondquarter; winning
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Here is the proof on why you never listen to the Washington D.C. Polical Establishment.  

Remember this question in 2016? 

Go to the 2 minute and 50 second mark of this video where Obama mocks canidate Trump'

https://www.youtube.com/watch?v=CKpso3vhZtw

1 posted on 06/01/2018 6:59:42 PM PDT by Enlightened1
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To: Enlightened1

Wow. Read it and weep, Obama.


2 posted on 06/01/2018 7:06:01 PM PDT by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: Enlightened1

Good one....... how wrong he was (and still is)

This is incredible folks. I thought we had the potential, but never expected to see anything close to 5%. That is a very nice Trump bump and he is just getting started!


3 posted on 06/01/2018 7:06:21 PM PDT by volunbeer (Find the truth and accept it - anything else is delusional)
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To: Enlightened1

Didn’t this same Fed group that said Quarter 1 was going to be 5%? Off by more than half.


4 posted on 06/01/2018 7:08:30 PM PDT by DAC21
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To: Enlightened1

5 posted on 06/01/2018 7:10:29 PM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: Enlightened1; All

Obama said that we would NEVER see 2%growth again in our lifetimes, that those days for America were over.

OOPS.....


6 posted on 06/01/2018 7:11:34 PM PDT by tcrlaf (They told me it could never happen in America. And then it did....)
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To: DAC21

No I never heard that from the Atalanta Fed?

This is the highest I have ever heard from a Fed in my life time.


7 posted on 06/01/2018 7:12:01 PM PDT by Enlightened1
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To: tcrlaf

Exactly!


8 posted on 06/01/2018 7:12:29 PM PDT by Enlightened1
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To: BenLurkin

Haha!


9 posted on 06/01/2018 7:12:39 PM PDT by Enlightened1
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To: Windflier

Agree 100%

You pulled my thoughts right out of my head.


10 posted on 06/01/2018 7:13:19 PM PDT by Enlightened1
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To: Enlightened1
;-)
11 posted on 06/01/2018 7:14:44 PM PDT by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: volunbeer

Same here! Breaking 4% marker is still huge!


12 posted on 06/01/2018 7:14:54 PM PDT by Enlightened1
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To: DAC21

Yes actually. Atlanta Fed projected a 5.4% growth rate for the first quarter.


13 posted on 06/01/2018 7:20:38 PM PDT by ThornJ56
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To: Enlightened1

Didn’t Obama say the the US would never again have a GDP higher than 3%?


14 posted on 06/01/2018 7:21:48 PM PDT by null and void (Have the courage to shine the light of reason in a dark world)
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To: tcrlaf

Uh, 2%...


15 posted on 06/01/2018 7:22:29 PM PDT by null and void (Have the courage to shine the light of reason in a dark world)
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To: null and void

Think it was 2% but hey even if 3% POTUS still did it?

Actually I think it was the WSJ Editor James Taranto that said 2%

Nevertheless, we win either way.


16 posted on 06/01/2018 7:32:07 PM PDT by Enlightened1
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To: DAC21

You mean like this.

Atlanta Fed Sees GDP Rocketing To 5.4% In First Quarter (Trumps’s Economy)
https://www.freerepublic.com/focus/f-news/3628457/posts

Actual for 1Q18 is 2.2%.

The 4Q17 GDPNow forecast opened at 4.7% ended at 3.4%. Actual was 2.9%.


17 posted on 06/01/2018 7:35:02 PM PDT by oincobx
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To: Enlightened1

It’d be great if this happens, but I think the Atlanta Fed made a similar optimistic forecast earlier that did not come about. I’d be thrilled with 3.5% GDP growth.


18 posted on 06/01/2018 7:42:07 PM PDT by Will88
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To: Enlightened1
Obama, “what magic wand do you have?”

DJT, “abracadabra bitch!”

19 posted on 06/01/2018 8:28:07 PM PDT by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves.)
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To: Enlightened1

This figure I could believe. I’ve been telling everybody for 6 months things have been picking up bigtime.


20 posted on 06/01/2018 8:52:07 PM PDT by FLT-bird (..)
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