• 323 days Could Crypto Overtake Traditional Investment?
  • 328 days Americans Still Quitting Jobs At Record Pace
  • 330 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 333 days Is The Dollar Too Strong?
  • 333 days Big Tech Disappoints Investors on Earnings Calls
  • 334 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 336 days China Is Quietly Trying To Distance Itself From Russia
  • 336 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 340 days Crypto Investors Won Big In 2021
  • 340 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 341 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 343 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 344 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 347 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 348 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 348 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 350 days Are NFTs About To Take Over Gaming?
  • 351 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 354 days What’s Causing Inflation In The United States?
  • 355 days Intel Joins Russian Exodus as Chip Shortage Digs In
Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

GDPNow Holds Steady at 0.3% as Low Inflation Adds to GDP, Housing Subtracts

The Atlanta Fed GDPNow Forecast remained at +0.3% following recent economic reports.

Today's grim housing report subtracted a bit from GDP, but the CPI which only rose 0.1% for the month added to GDP.

The net effect of the two cancelled out.

Latest forecast: 0.3 percent -- April 19, 2016

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.3 percent on April 19, unchanged from April 13. After last Thursday's Consumer Price Index release from the U.S. Bureau of Labor Statistics, the forecast for first-quarter real consumer spending growth ticked up from 1.8 percent to 1.9 percent. After this morning's report on new residential construction from the U.S. Census Bureau and the Department of Housing and Urban Development, the forecast for real residential investment growth declined from 9.0 percent to 8.5 percent.


GDPNow History

GDPNow

Kudos to the Atlanta Fed for highlighting intermediate effects of economic reports on their charts.

It appears the CPI added roughly 0.1% to GDP while housing subtracted roughly 0.1% from GDP.


Housing Starts and Permits Plunge

For discussion of today's housing report, please see Housing Starts Plunge 8.8%, Permits Plunge 7.7%; Bloomberg Cites "Fundamental Strength"


What's in Your Basket?

Do you think prices are only up 0.9% on the year?

For my take, please see Diving Into the CPI: What's in Your Basket?

 

Back to homepage

Leave a comment

Leave a comment