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Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5 percent
Reuters ^
| 02/01/2018
| Staff
Posted on 02/01/2018 10:42:53 AM PST by gubamyster
NEW YORK (Reuters) - The U.S. economy is on track to grow at a 5.4 percent annualized rate in the first quarter following the latest data on manufacturing and construction spending, the Atlanta Federal Reserves GDPNow forecast model showed on Thursday.
The latest estimate on gross domestic product was faster than the 4.2 percent growth pace calculated on Monday, the Atlanta Fed said.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; gdp; inflation; jobs
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To: gubamyster
Can’t be true. Obama said growth higher than 2% is impossible. Are you asking me to believe that obama lied?
2
posted on
02/01/2018 10:44:16 AM PST
by
pgkdan
(The Silent Majority STILL Stands With TRUMP!)
To: pgkdan
Can’t remember the last time I saw 5% GDP growth.
3
posted on
02/01/2018 10:45:43 AM PST
by
C19fan
To: gubamyster
Ho
Ly
Crap!!!
Man, MAGA again!
4
posted on
02/01/2018 10:47:00 AM PST
by
freedumb2003
(obozo took 8 years to try to destroy us. Trump took 1 to rebuild us. MAGA!!)
To: C19fan
Do not want the economy to overheat.
5
posted on
02/01/2018 10:49:25 AM PST
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
To: gubamyster
Now that’s what I’m talking about!
To: gubamyster
And NO WAY can this be because of policies that Obama had in place! :-)
7
posted on
02/01/2018 10:50:29 AM PST
by
nopardons
To: gubamyster
Bonds getting DESTROYED by this news. The interest rate explosion is going to get UGLY.
8
posted on
02/01/2018 10:50:35 AM PST
by
montag813
To: freedumb2003
Trump took over a fixer up country. He got it for a song and now it’s paying dividends.
9
posted on
02/01/2018 10:51:05 AM PST
by
magua
To: montag813
Bonds getting DESTROYED by this news. The interest rate explosion is going to get UGLY.The tariffs on imports will temper this.
10
posted on
02/01/2018 10:51:51 AM PST
by
Jeff Chandler
(TRUMP RULES - KENNEDY DROOLS)
To: gubamyster
Wow. That means 2017 Q4 downward revision was crap.
11
posted on
02/01/2018 10:52:01 AM PST
by
dynoman
(Objectivity is the essence of intelligence. - Marilyn vos Savant)
To: dynoman
That means 2017 Q4 downward revision was crap. I am still perplexed by that Q4 number.
To: gubamyster
I predicted it months ago... the economy will hit 7% growth next year.
13
posted on
02/01/2018 10:53:57 AM PST
by
Mr. K
(No consequence of repealing Obamacare is worse than Obamacare itself.)
To: gubamyster
Free market economists knew that tax cuts, regulation cuts, and increasing the money supply by bringing back money from overseas would stimulate the economy
14
posted on
02/01/2018 10:54:05 AM PST
by
mjp
((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
To: gubamyster
Does anyone here remember me saying Team Trump is swinging for the "Green Monster" and put it over the wall aka IMHO they are going for 6 to 8%.
Think of all the "stuff" that hasn't kicked in to add to GDP...
* Getting rid of Dodd-Frank Bifrication of banking 1% GDP.
* All the exporting of Oil and LNG / CNG hasn't kicked in, the ports aren't done. % GDP? who knows.
* New rules for Road Construction reducing paperwork, .5% GDP.
* All the Drugs that could get fast tracked 4000 - 100 that got approved. % GDP ? who knows.
* The repatriation of Off Shore Trillions for Capital for Business to expand? Who knows.
* The Tax Cut, especially the 20% Corp Rate, one Fed said it was worth 1.3% in GDP.
* Obamacare gone... I hear that could be worth 1% GDP....
And that isn't including the Electric Car Revolution I see coming, and other paradigm changing technologies that will rock our world in the next 7 years of PDJT.
And that is off the top of my head, what else? What did I forget Freepers!
IN the words of Ronald Reagan, You ain't seen nothing yet.
15
posted on
02/01/2018 10:54:29 AM PST
by
taildragger
("Do you hear the people Singing? Singing the Song of Angry Men!")
To: gubamyster
Trump is going to get 4% this year. 100%.
16
posted on
02/01/2018 10:54:36 AM PST
by
bigbob
(Trust Trump. Trust Sessions. The Great Awakening is at hand...MAGA!)
To: gubamyster
Someone troll the LA Times fish wrap for being wrong a usual.
17
posted on
02/01/2018 10:58:56 AM PST
by
Salvavida
(The Missouri citizen's militia sends its regards.)
To: Jeff Chandler
18
posted on
02/01/2018 11:05:47 AM PST
by
bert
(K.E.; N.P.; GOPc;WASP .... The Fourth Estate is the Fifth Column)
To: BenLurkin
Holy SHE-ITE!!! Lets see what the LSM says about that!
19
posted on
02/01/2018 11:06:31 AM PST
by
MGunny
To: gubamyster
The Democrat Party talking point is that Obama's economic policies are finally starting to kick in, despite Trump's best effort to screw everything up.
This will be trumpeted by the MSM and 47% of the people will believe it. Only 3.01% more to go, and they are looking good for the midterms and 2020.
We have our work cut out for us, folks.
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