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Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5 percent
Reuters ^
| February 1, 2018
| Reuters Staff
Posted on 02/01/2018 10:15:44 AM PST by John W
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.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: boom; economy; gdp; maga
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1
posted on
02/01/2018 10:15:44 AM PST
by
John W
To: John W
OK, do the other 11 FedRes districts not make predictions like this? Why only the Atlanta one all the time?
2
posted on
02/01/2018 10:17:19 AM PST
by
NohSpinZone
(First thing we do, let's kill all the lawyers)
To: John W
"Women and minorities hardest hit!"LOL!
3
posted on
02/01/2018 10:17:20 AM PST
by
mrsmith
(Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
To: John W
To: John W
Please remind me which enemedia outlet it was which was cheering just days ago that it wouldn’t crack 3%. Remember, these same jerks were cheering Obammy when the economy was growing 2%.
5
posted on
02/01/2018 10:18:12 AM PST
by
Vigilanteman
(ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
To: Vigilanteman
6
posted on
02/01/2018 10:19:06 AM PST
by
Hojczyk
To: John W
Do the opponents of this administration make any counter claims to the economic-related actions taken that have led to an improving economy? Has there been any of the old, reducing regulation will kill more people routines?
7
posted on
02/01/2018 10:20:12 AM PST
by
John W
(Trump/Pence 2020)
To: John W
The U.S. economy is on track to grow at a 5.4 percent annualized rate Impressive! I guess this means that Obama will get a Nobel prize for economics.
To: John W
If we get 5.4% growth, kiss the Dems goodbye.
To: John W
10
posted on
02/01/2018 10:22:50 AM PST
by
GnuThere
To: NohSpinZone
If true, and the trend continues, the second year of Trump will propel the national economy to a level that could not possibly be countenanced in the days of the regime of the Former Occupant of the White Hut, 2009-2017.
New normal, anybody?
When the percentage of the national growth of GDP exceeds the percentage of the work force that is unemployed during any given quarter, then there must be some sort of metric for that.
11
posted on
02/01/2018 10:23:52 AM PST
by
alloysteel
(Sometimes I have to tell myself, it just isn't worth the jail time.)
To: John W
Rep. Schiff demands report be suppressed. < s>
12
posted on
02/01/2018 10:26:18 AM PST
by
KarlInOhio
(I will not be pushed, filed, stamped, indexed, briefed, debriefed, or numbered. My life is my own.)
To: John W; ransomnote; Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; ...
big day today - lots of pings - please ignore if too much..
13
posted on
02/01/2018 10:27:26 AM PST
by
bitt
(We dont need an electric chair, we need electric bleachers.)
To: NohSpinZone
14
posted on
02/01/2018 10:28:22 AM PST
by
Red Badger
(Wanna surprise? Google your own name. Wanna have fun? Google your friends names......)
To: NohSpinZone
OK, do the other 11 FedRes districts not make predictions like this? Why only the Atlanta one all the time? They do. The Atlanta Fed's GDPNow is exactly that, the prediction at this moment in time. They were predicting 4.2% growth on Monday, 5.4% growth today. They could be predicting 3% growth in a month and 6% the month after that. It all depends on how the data changes over time.
To: John W
The liberal media's new line on the economy (I actually heard it on NPR driving into work a couple mornings ago)....
The economy is overheating, the "reckless" Trump tax cut threw gasoline on an already strong economy. Our economic infrastructure can't handle the strain of anything over 3%. Anything above that is going to create massive strains in the labor market and inflation and interest rates are going to spike. Therefore it is irresponsible and foolish to attempt to push the economy any higher, as Obama understood (because of course, the reason the economy sucked for eight years was he was growing it slowly and "responsibly").
16
posted on
02/01/2018 10:32:07 AM PST
by
apillar
To: DoodleDawg
Oh I see. Thanks for the clarification. Good knowledge!
17
posted on
02/01/2018 10:32:46 AM PST
by
NohSpinZone
(First thing we do, let's kill all the lawyers)
To: John W
The stock market would like to take off if someone would get this Memo CRAP under control!
18
posted on
02/01/2018 10:35:33 AM PST
by
VA40
To: John W
No way the 4th quarter was only 2.6%.
The WAPO\TIMES\ROOTERS\CNNC couldn't wait to release that data.Real gross domestic product (GDP) increased 2.6 percent in the fourth quarter of 2017.
according to the “advance” estimate released by the Bureau of Economic Analysis
The actuals will come probably closer to 4% and none of the morons above will note it.
https://www.bea.gov/newsreleases/glance.htm
19
posted on
02/01/2018 10:36:23 AM PST
by
stylin19a
(Best.Election.of.All-Times.Ever.In.The.History.Of.Ever)
To: apillar
“heard it on NPR”
None of my business, but why would you listen to NPR?
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