The Atlanta Fed GDPNow development estimate for Q1 decrease to 2.three% from 2.9% final
Atlanta Fed GDPNow development estimate for Q1 was lowered to 2.three% from 2.9% final. The retail gross sales in the present day contributed to the decline. In addition they cite US employment information within the Federal Reserve Board of Governors.
In their very own phrases:
The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual charge) within the first quarter of 2025 is 2.three % on February 14, down from 2.9 % on February 7. After current releases from the US Census Bureau, the US Bureau of Labor Statistics, and the Federal Reserve Board of Governors, the nowcasts of first-quarter actual private consumption expenditures development and actual gross personal home funding development fell from 2.eight % and 6.2 %, respectively, to 2.three % and four.9 %.
The subsequent report will likely be launched on Wednesday, February 19
This text was written by Emma Wang at www.ubaidahsan.com.
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