My job is done here!
Posted on 03/11/2019 11:09:10 AM PDT by SeekAndFind
"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.2 percent on March 11, down from 0.5 percent on March 8," the Federal Reserve Bank of Atlanta reported on Monday.
"After this morning's retail sales report from the U.S. Census Bureau, the nowcast of first-quarter real personal consumption expenditures growth declined from 1.5 percent to 1.0 percent."
Unexpected.
[Drink!]
And what is the current unemployment rate???
That is what you get when DimocRATS are voted in control of Congress!
Adjust men of 0.3% DOWNWARD?
FED-Atl must have been told to roll in the “government’s contribution” to make POTUS (may re-election be upon him) look bad.
The Fed is usually wrong about everything. Just saying.
I was wondering why the DJIA is up almost 200 points today.
CNN/MSNBC needs something to gloat about, even if they have to make it up.
??
suppose they got their decimal in the right place, cletus?
way I’m reading this is .2% = 2/10’s of 1% Q1-19 GDP, so for 4 Q of 19 est .8% or 8/10’s of 1%?
these are more like hussein’s numbers, imo.
I thought we’d been rocking along around 3% GDP?
is this “new math”?
what am I missing?
That whole release is a fluster-cuck of info.
GDPNow (WTF is that?)
GDP “growth”
Retail sales
Personal consumption
Look over there...a SQUIRREL!
Mixed data attempting to prove...what?
thanx cletus.
I feel.....enlightened.
Seems to me that there’s some new jargon present here with which I’m unfamiliar.
Is this an official statement from the Federal Reserve, or is it someone speaking off the cuff? It just doesn’t sound like past statements.
The unemployment rate will be between 4-5% by 2020 and according to the media we will be in the depths of the second Great Depression.
It proves that the creature from Jekyll Island is a threat to the republic.
GDP Now is a real time estimate of current quarter GDP. The models gets updated as certain government economic reports are released. The early releases tend to differ largely from the final result as they have outsized influence. As more data rolls in the influence of those early reads declines. Some of you may recall the early 2Q18 and 3Q18 that estmated growth in excess of 5%. The final estimates were more in line with the actual print from the Bureau of Economic Analysis.
Yes it’s practically real time. You can follow GDPNow on Atlanta Fed’s twitter account. It moves up an down a lot, a lot. Big moves, quite often.
zactly. they RATS owned Congress when the economy tanked.
My job is done here!
We were - 2.9% for 2018 but with Q4 coming in at 2.6% - but economists have been predicting 2019 to be slower for over a year.
Having said that, reported GDP growth in Q1 has been consistently weak over the last several years - 2.2% in 2018 - and it often rebounds.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.