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GDP is a lousy number to begin with

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Outlook: The important information today will be US Q4 GDP. The data comes out at 8:30 am, so you will have the number (if you are watching) before you get this Briefing. The Fed seemed to feel growth is moderate but both the WSJ and Bloomberg estimate a measly 0.8% (following 2% in Q3). Some big bank economists see zero. The Atlanta Fed GDPNow, out yesterday, shows an uptick to 1% from 0.7% on Jan 20. See the chart. The Atlanta Fed credits “real residential in-vestment growth.” We get the

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