US 1Q GDP will be released tomorrow at 8:30 AM ET
The final answer for the Atlanta Fed's GDP tracker is in. Drum roll please.....
They estimate 1Q GDP to come in at 2.7%. That is down from 2.8% from the prior report. The US will release the 1Q GDP tomorrow at 8:30 AM ET/1230 GMT. The estimate on Bloomberg is 2.2%.
In the Atlanta Fed's own words:
The final GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 2.7 percent on April 25, down from 2.8 percent on April 19. After the National Association of Realtors' existing-home sales release on Monday, April 22, and the U.S. Census Bureau's housing market releases on Tuesday, April 23, the nowcast of first-quarter real residential investment growth declined from 3.5 percent to 1.3 percent.
Bring it on....
