Posted on 02/02/2018 5:23:03 AM PST by blam
The American economy is on track to grow at a 5.4 percent annualized rate in the first quarter of this year, the Atlanta Federal Reserve’s GDPNow forecast model showed on Monday. The regional Fed’s forecast rose from last week’s 4.2 percent growth following a report on manufacturing that showed more expansion than expected. The forecast of real consumer spending growth rose from 3.1 percent to 4.0 percent, while the forecast of investment growth soared from 5.2 percent to 9.2 percent.
This is an early reading, based on just one-months data. Even the most optimistic economists do not expect the economy to expand at that rate in the first quarter.
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(Excerpt) Read more at breitbart.com ...
Democrats are anti-American. They hate for anything good to happen to this country.
Atlanta Fed sees 5.4% growth, “blames Trump”. Fixed it. /sarc
Take this with a grain of salt. GDPNow uses the latest data relases to forecast GDP. It opened 4Q17 at 4.5% back in October. The advance estimate came in last week at 2.6%.
The socialists are so rabidly anti-Trump and anti-America that they will find some way to twist any good news into bad. It must be hell to live in their world of perpetual doom and gloom.
We all know that this is Obama’s economy just like the years 2009 - 2017 was Bush’s economy....
A year ago the entrenched media pundits were ridiculing Trump for claiming he could achieve 4 percent GDP growth. Now these same lame pundits are claiming this same growth is all the result of past Obama policies. A pox on all their houses.
The Atlanta Fed’s GDPNow forecasts growth for any given moment. The predictions will change whenever the economic indicators it uses change. For example, on Monday of this week they were predicting a 4.2% growth rate. On Thursday they are predicting 5.4%. In a month that prediction could change gain - it could go higher than 5.4% or less than 4.2% or somewhere in between.
As far as the market goes that may fuel some fears of higher inflation and interest rates. In reality we were flirting with DEFLATION as recently as a few years back.
As of yesterday (6-Feb) the forecast for 1Q18 is now 4.0%.
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