1Q not looking so hot
The Atlanta Fed GDPNow estimate for 1Q GDP growth has moved to 2.0% from 1.9% in yesterday's report. The Atlanta Fed will not report again until April 26th.
In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 2.0 percent on April 17, up from 1.9 percent on April 16. Small increases in the nowcasts of real consumer spending growth, real nonresidential structures investment growth, and real inventory investment after this morning's industrial production release from the Federal Reserve Board more than offset a slight decrease in the nowcast of real residential investment growth after this morning's new residential construction release from the U.S. Census Bureau.
