Right On Cue Atlanta Fed Cuts Q1 GDP Forecast After Poor Consumer Spending Report

Friday, March 31, 2017
By Paul Martin

by Tyler Durden
Mar 31, 2017

Following today’s disappointing consumer spending data, we forecast that a downward revision to the Atlanta Fed’s most recent 1.0% Q1 GDP forecast was imminent…

… and moments later it did not disappoint, announcing that “the GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 0.9 percent on March 31, down from 1.0 percent on March 24.”

The Rest…HERE

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