Where are all the Atlanta Fed GDPNow alarmists today? I thought it was going to be -3%? Maybe they missed a decimal point. They always mess up some mundane detail
Discussion
The Atlanta Fed GDPNow was spot on once they factored out gold imports. The gold-adjusted GDPNow nailed it.
Isn’t their latest estimate there the dashed green line? Shouldn’t it get more accurate as more data comes in? Their latest estimate looks more like -1.3%
That's the annualized figure. If this quarter were to repeat four times, basically.
And most of the time over the past 2 months the dotted line was fluctuating slightly above or below zero.
The -0.3% reported today IS the annualized figure so you can't just repeat it 4 times. However, point taken regarding the noise in their model. The entire decrease in real GDP is due to front-loading of imports related to the Trump tariffs. I wonder if the GDPNow alarmists will report their initial 2025 Q2 estimate. Because it says 2.4%. That doesn't make for shocking news so probably won't see much on that. Not taking a shot at you, just pointing out that this GDP number appears to be an anomaly and nobody is really talking about that
Wow, you’re pretty impressive with your speed and accuracy of replies.
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