Atlanta Fed GDPNow estimate for 2Q growth rises to 2.2%

The Atlanta Fed GDPNow estimate for 2Q GDP growth rose to 2.2% from 1.6% on May 6. In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is 2.2 percent on May 4, up from 1.6 percent on May 2. After this morning's light vehicle sales release from the US Bureau of Economic Analysis, the nowcast for second-quarter real personal consumption expenditures growth increased from 3.6 percent to 4.4 percent.

The next estimate will be released on Monday, May 9.

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term