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Keyword: gdp

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  • U.S. fourth-quarter growth revised up to 2.9 percent; consumer spending surges

    03/28/2018 11:27:44 AM PDT · by Oldeconomybuyer · 8 replies
    Reuters ^ | March 28, 2018 | by Lucia Mutikani
    U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports. Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, instead of the previously reported 2.5 percent, the Commerce Department said in its third estimate for the quarter on Wednesday. That was a slight moderation from the third quarter’s brisk 3.2 percent pace. The upward revision to the fourth-quarter growth estimate also reflected less inventory reduction than previously reported. Economists polled by...
  • All that optimism for hot first-quarter economic growth is rapidly fading away

    03/14/2018 1:06:52 PM PDT · by SoFloFreeper · 16 replies
    cnbc ^ | 3/14/18 | Jeff Cox
    Back in late January the Atlanta Fed was calling for a 5.4 percent GDP gain, but on Wednesday it said growth likely will be just 1.9 percent.
  • Revised fourth-quarter US GDP up 2.5%, matching expectations

    02/28/2018 9:35:09 AM PST · by SeekAndFind · 16 replies
    CNBC via Reuters ^ | 02/28/2018
    U.S. economic growth slowed slightly more than initially thought in the fourth quarter as the strongest pace of consumer spending in three years drew in imports and depleted inventories. Gross domestic product expanded at a 2.5 percent annual rate in the final three months of 2017, instead of the previously reported 2.6 percent pace, the Commerce Department said in its second GDP estimate on Wednesday. That was a deceleration from the third quarter's brisk 3.2 percent pace. The downward revision to the fourth-quarter GDP growth estimate largely reflected a smaller inventory build than previously reported. It was in line with...
  • The Trump Economy: Is 3% GDP Growth Realistic?

    02/27/2018 8:16:15 AM PST · by SeekAndFind · 16 replies
    IBD ^ | 02/27/2018 | Robert Samuelson
    The role of economic growth in advanced democracies is not mainly the accumulation of more material goods. By any historical norm, even today's poor are staggeringly wealthy.XEconomic growth plays a more subtle role. It gives people a sense that they are getting ahead and are in control of their lives. It serves as the social glue that holds us together and counteracts -- to some extent -- the influences of race, class, religion, ethnicity and geography, which drive us apart.But what if economic growth can no longer perform this vital function? What if the economy has entered a prolonged...
  • JP Morgan slashes GDP estimate to 2.5% after 'hotter than Hades' inflation report

    02/20/2018 1:18:04 PM PST · by SeekAndFind · 14 replies
    CNBC ^ | 02/20/2018 | Thomas Franck
    J.P. Morgan slashed expectations for U.S. economic growth in the first quarter thanks to Wednesday's "hotter than Hades" inflation reading and "ugly" retail sales numbers. The bank's chief U.S. economist explained that the Labor Department's "scorching" core consumer price index measure likely means an emboldened Federal Reserve. "While it is still early going, we are taking down our outlook for first-quarter gross domestic product from 3.0 percent to 2.5 percent," wrote economist Michael Feroli. "Today's inflation reading should probably cement in place the Fed's intent to hike rates at the March FOMC meeting." The economist added that core CPI posted...
  • The 2017-2018 economic recovery

    02/12/2018 5:48:53 PM PST · by markomalley · 5 replies
    Washington Times ^ | 2/11/18 | Peter J. Ferrara
    Whatever happened to the New Normal? First, Obama Democrats told us that what looked like long-term stagnation under President Obama’s economic policies, with growth stuck at 2 percent on average for his whole eight years in office, was the New Normal that the American people were going to have to get used to, the best we could do now.That was after the worst recession since the Great Depression, making 10 years of insignificant growth, even though the historical pattern is the worse the recession the stronger the recovery.Republicans who argued that we could still do much better with 3 percent,...
  • The Constitutional Amendment That Would Rein in Spending

    02/08/2018 5:37:54 PM PST · by Tolerance Sucks Rocks · 21 replies
    The Daily Signal ^ | February 7, 2018 | Walter E. Williams
    Some people have called for a balanced budget amendment to our Constitution as a means of reining in a big-spending Congress. That’s a misguided vision, for the simple reason that in any real economic sense, as opposed to an accounting sense, the federal budget is always balanced. The value of what we produced in 2017—our gross domestic product—totaled about $19 trillion. If the Congress spent $4 trillion of the $19 trillion that we produced, unless you believe in Santa Claus, you know that Congress must force us to spend $4 trillion less privately. Taxing us is one way that Congress...
  • Why "Gross Output" Is Way Better Than GDP At Telling Us How The Economy Is Doing

    02/08/2018 3:28:35 PM PST · by sloop3 · 9 replies
    Free Market Central ^ | 2/8/2018 | Free Market Central
    “Gross domestic product,” popularly known as GDP, measures spending on finished goods and services. GDP grew 2.6 percent in the fourth quarter of 2017 and is expected to grow far more in the first quarter of this year. But is GDP the best measure of economic activity?
  • Atlanta Fed Sees GDP Rocketing To 5.4% In First Quarter (Trumps's Economy)

    02/02/2018 5:23:03 AM PST · by blam · 9 replies
    Breitbart ^ | 2-2-2018 | John Carney
    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...
  • One of Wall Street's most-followed forecasters has a wild new prediction for US economy (Above 5%)

    02/01/2018 2:31:04 PM PST · by SeekAndFind · 4 replies
    Business Insider ^ | 02/01/2018 | Akin Oyedele
    * The Atlanta Fed's GDPNow model forecasts 5.4% gross domestic product-growth in the first quarter. * That's much higher than what even the most bullish economists expect, but is based on only one month's worth of data for the quarter. * Many economists expect the economy to grow closer to 2.5% through 2019. One model that forecasts the US economy's performance could shock even President Donald Trump if it ends up being accurate. The Atlanta Federal Reserve's GDPNow model projects that gross domestic product would increase at a 5.4% annualized rate in the first quarter. The last time the economy...
  • Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5 percent

    02/01/2018 10:42:53 AM PST · by gubamyster · 26 replies
    Reuters ^ | 02/01/2018 | Staff
    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 Reserve’s 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.
  • Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5 percent

    02/01/2018 10:15:44 AM PST · by John W · 29 replies
    Reuters ^ | February 1, 2018 | Reuters Staff
    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 Reserve’s GDPNow forecast model showed on Thursday.
  • Federal Reserve Latest forecast: GDP 4.2 percent — January 29, 2018

    01/29/2018 10:26:18 AM PST · by SeekAndFind · 10 replies
    The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release.Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet. Latest forecast:4.2 percent —January 29, 2018 The initial GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 4.2 percent on January 29. The advance estimate of fourth-quarter...
  • Did Bureau of Economic Analysis Sandbag Report on 4th Qtr U.S. GDP ?….

    01/27/2018 6:30:03 PM PST · by a little elbow grease · 34 replies ^ | 1/27/18 | sub=ndance
    The U.S. Fourth Quarter GDP growth was reported two days ago at 2.6% and that stunned everyone who were expecting a much higher number. All U.S. economic indicators including U.S. Holiday consumer spending, which accounts for around two-thirds of total GDP, were off the charts in the fourth quarter growing +5.5% over the prior holiday.
  • Gross Domestic Product: Fourth Quarter and Annual 2017 (Advance Estimate)

    01/28/2018 5:11:30 AM PST · by tired&retired · 11 replies
    US Department of Commerce ^ | January 26, 2018 | Economic Statistics
    Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent. The Bureau emphasized that the fourth-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete data, will be released on February 28, 2018. The increase...
  • Trump didn't get his 3%-plus economic growth for 2017, after all (The Los Angeles Times Gloats)

    01/26/2018 1:02:44 PM PST · by SeekAndFind · 54 replies
    Los Angeles Times ^ | 01/26/2018 | By MICHAEL HILTZIK
    Here's a prediction: You won't be hearing Donald Trump crowing about U.S. economic growth under his administration, at least not for a while. Since the presidential campaign, Trump and his minions have been predicting that his policies would bring an increase in annual growth of better than 3% a year. They broke out the Champagne after the figures for the second and third quarter of 2017 showed annualized growth in excess of 3%. Turns out that was premature. The first reading of real growth domestic product for the fourth quarter of 2017 was published Friday by the government's Bureau of...
  • Dimon thinks even his own economist at J.P. Morgan is dead wrong about GDP, predicts 4% U.S. growth

    01/09/2018 8:56:50 AM PST · by gubamyster · 1 replies
    Market Watch ^ | 01/09/2018 | Mark DeCambre
    Those were the thoughts of JPMorgan Chase & Co. CEO Jamie Dimon, who offered a forecast for U.S. economic growth that outstrips even some of the more bullish economists. Speaking during an interview with Fox Business’s Maria Bartiromo on Tuesday, Dimon said the recently signed tax legislation, which cuts the corporate tax rate to 21% from 35%, is likely to support higher levels for the Dow Jones Industrial Average DJIA, +0.45% the S&P 500 index SPX, +0.29% and the Nasdaq Composite Index COMP, +0.13% which have already rung up all-time highs in first several sessions of 2018, after a record-setting...
  • WANTED: Data- Obama GDP for 8 years HELP!

    12/30/2017 10:27:02 PM PST · by Para-Ord.45 · 20 replies
    December 31 2017 | self
    Can't find simple charts revealing obamas 8 years of sub 3% GDP. Can find articles but no detailed govt. source such as Dept. of Com. All help is appreciated.
  • U.S. economy grows at fastest pace in more than two years

    12/21/2017 9:52:48 AM PST · by Oldeconomybuyer · 11 replies
    Reuters ^ | December 21, 2017 | by Lucia Mutikani
    WASHINGTON - The U.S. economy grew at its fastest pace in more than two years in the third quarter, powered by robust business spending, and is poised for what could be a modest lift next year from sweeping tax cuts passed by Congress this week. Gross domestic product expanded at a 3.2 percent annualized rate last quarter, the Commerce Department said in its third GDP estimate for the period. Although that was slightly down from the 3.3 percent reported last month, it was the quickest pace since the first quarter of 2015 and was a pickup from the second quarter’s...
  • N.Y. Fed raises U.S. fourth-quarter GDP growth view to near 4 percent

    12/18/2017 6:40:14 AM PST · by Red Badger · 27 replies ^ | 12/18/2017 | Staff
    NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the fourth quarter of 2017 closer to 4 percent, based on revisions of prior data that suggested stronger economic activities.