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Atlanta Fed GDPNow increases to 2.6% from 2.0% previously

The Atlanta Fed GDPNow estimate for Q1 growth moved to 2.6% of from 2.0% on March 7. In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2023 is 2.6 percent on March 8, up from 2.0 percent on March 7. The nowcast of first-quarter growth in real personal consumption expenditures (PCE) on services increased from 3.8 percent to 5.2 percent after this morning’s international trade report from the US Census Bureau and... Read More

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Posted: Mar 8 2023, 16:47

Author Name: forexlive

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