Goldman, Atlanta Fed Slash Q1 GDP Forecasts Below 2.0%
by Tyler Durden
ZeroHedge.com
Wed, 03/14/2018
From its exuberant 5.4% expectation for Q1 GDP at the start of February, The Atlanta Fed’s guess has collapsed to just 1.9% as CPI and retail sales disappointments weigh on their outlook.
Via Atlanta Fed,
Latest forecast: 1.9 percent — March 14, 2018
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 1.9 percent on March 14, down from 2.5 percent on March 9. After yesterday’s Consumer Price Index release from the U.S. Bureau of Labor Statistics and this morning’s retail sales report from the U.S. Census Bureau, the nowcast of first-quarter real personal consumption expenditures growth fell from 2.2 percent to 1.4 percent.
GDPNOW is now well below consensus expectations…
The Rest…HERE
