• 3 hours Is This The World’s First Truly Democratic Stock Exchange?
  • 6 hours India’s Wealthiest Set To Hold $23 Trillion By 2028
  • 9 hours First Quarter Profits Slip For World's Top Oil Companies
  • 11 hours The Yuan May Be China's Biggest Weakness
  • 1 day Hedge Funds Having A Banner Year
  • 1 day Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 1 day BHP Turns Bullish On EVs
  • 1 day Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 2 days The $90M Inflatable Rabbit Redefining Modern Art
  • 2 days Huawei’s Fate In The Air
  • 2 days Tesla Slashes Prices Again
  • 2 days The Modern History Of Financial Entropy
  • 3 days Italy’s Central Bank Embraces Sustainable Investing
  • 3 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 3 days Researchers Push To Limit Space Mining
  • 3 days Could China Start Dumping U.S. Treasury Bonds?
  • 4 days Is Winter Coming For HBO?
  • 4 days Rise Of EVs Signals Peak Gasoline
  • 5 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 5 days Gold Mining Stocks Stuck In Limbo
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

GDPNow Forecast Sinks to 0.4% Following More Weak Economic Report

Following another set of weak economic reports, the Atlanta Fed GDPNow Model for first quarter US GDP sank 0.3 percentage points to 0.4%.


Latest forecast: 0.4 percent -- April 5, 2016

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.4 percent on April 5, down from 0.7 percent on April 1. After yesterday morning's light vehicle sales release from the U.S. Bureau of Economic Analysis and the manufacturing report from the U.S. Bureau of the Census, the forecast for real GDP growth declined from 0.7 percent to 0.4 percent due to declines in the forecasts for real consumer spending growth and real equipment investment growth. The forecast for real GDP growth remained at 0.4 percent after this morning's international trade report from the U.S. Census Bureau, as a slight decline in the forecast for real net exports was offset by a slight increase in the forecast of real equipment investment growth.


GDPNow History

GDPNow History


Kaleidoscope Eyes

Atlanta Fed president Dennis Lockhart made a speech to the Rotary Club of Savannah on March 21. His speech was called Kaleidoscopic Context for Monetary Policy.

I commented on his speech with my take called Kaleidoscope Eyes.


Momentum Since Lockhart's Speech

Other than that, momentum for Fed rate hikes is looking exceptional.

 

Back to homepage

Leave a comment

Leave a comment