Posted on 07/18/2018 10:16:28 AM PDT by GonzoII
The U.S. economy is growing at a 4.5 percent annualized rate in the second quarter following strong economic data, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.
The latest estimate on gross domestic product growth was the same as Monday but faster than the 3.9 percent pace estimated a week ago, the Atlanta Fed said.
After the Federal Reserve Board of Governors' industrial production release on Wednesday, July 17, modest increases in the nowcasts of second-quarter real consumer spending growth and second-quarter real private fixed investment growth were offset by a decrease in the nowcast of second-quarter real private inventory investment.
The nowcast of second-quarter real residential investment growth inched down from 0.4 percent to 0.0 percent after this morning's new residential construction release from the U.S. Census Bureau.
The next GDPNow update is Thursday, July 26.
By comparision, the New York Fed forecasts have been running much lower than Atlanta.
The New York Fed Staff Nowcast stands at 2.8% for the second quarter and 2.6% for the third quarter. That would follow just 2 percent growth in the first three months of the year.
Economists widely expect second-quarter growth to approach 4 percent after GDP rose 2 percent in the first quarter and 2.3 percent for all of Trump's first year in office in 2017, CNBC explained.
(Excerpt) Read more at newsmax.com ...
“The U.S. economy is growing at a 4.5 percent annualized rate in the second quarter following strong economic data”
Did my part.
I installed a new toilet which for some unknown reason necessitated digging a new drain field and replacing the sump pump!???!! (Where’s the cause and effect?)
LOL.
Bam!
Reality sucks if you are a dim.
Almost guaranteed a re-election if these kinds of numbers continue.
All Aboard....
“What’s he gonna do? Wave a magic wand?”
Evidently Trump has that magic wand.....
No. This is only because of all those people working 2 jobs.
“No. This is only because of all those people working 2 jobs.”
BOL! Most of our teenage grand kids, nieces and nephews are working two jobs this summer. If they try to quit one, the company offers more money for less time.
‘Atta girl!(what did you buy? Tell me, tell me!)
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