Central Banks


Estimates have been between 3.9% and 4.3% for the GDP tracker

The Atlanta Fed GDPNow estimate for 2Q GDP comes in at 4.0% vs 4.1% last. The estimates have been between 3.9% and 4.3% since starting the forecast. 

In their words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.0 percent on May 25, down from 4.1 percent on May 16. After increasing from 3.3 percent to 5.4 percent following Wednesday’s reports on new-home sales and costs from the U.S. Census Bureau, the nowcast of second-quarter real residential investment growth fell back down to 1.1 percent following Thursday’s existing-home sales release from the National Association of Realtors.

The next estimate will be on Thursday, May 31.  

The NY Fed Nowcast GDP estimate will released later today. Last Friday, the estimated 2Q GDP came in at a lower level (vs Atlanta) at 3.2%. That was up from 2.97% in the prior week.

—————————————————————————————————-

Trade REAL stocks and cryptos on a single platform!



Source link

Articles You May Like

AUD traders – what’s coming up in Australia this week, mainly from the RBA
EURJPY falls to first target area as stocks head lower
Forex trading strategies.What happens when you catch the low off the week and the weekly high.
The ONLY 5 Forex LESSONS You will EVER Need
GBPUSD tests trend line. 100 hour MA approached.

Leave a Reply

Your email address will not be published. Required fields are marked *