Technical Analysis

Up sharply vs. July 11th forecast The Atlanta Fed GDPNow forecast for 2Q GDP has been recalculated and it shows a sharp 0.6% gain from 3.9% to 4.5%. Consumer and government spending pushed the forecast higher.  The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.5