“AT Fed GDP revised upward Thurs to 4% annual”
I believe you’re referring to a forecast (https://www.reuters.com/article/us-usa-economy-atlantafed-idUSKBN18S5UT). But please provide a link showing that the US GDP is currently growing at 4% annual. I have done a search and can only find U.S. 2nd quarter growth at 1.2% (revised up from 0.9%): http://www.cnbc.com/2017/05/26/us-q1-2017-second-reading-gdp.html
Dunno. I follow Tim Anderson on Twitter, a big AT fed guy. AT revised its 2nd quarter from 3.7 to 4.2 on Thurs. On Fri, they revised it down, probably in (mistaken) reaction to Trump’s climate speech.
But AT fed has consistently missed low recently