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Growth forecasts pick up. Atlanta Fed 1Q GDP pegged at 2.7% now

Discussion in 'Market News' started by ForexLive, Feb 12, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Leads the forecasters.... Ryan may not like forex price forecasts, but how about GDP growth forecasts (READ his excellent post HERE). If ok with them, the Atlanta Fed raised their estimate for 1st quarter GDP growth to 2.7% from 2.5% (forecast on Feb 9). The rise comes on the heels of a better-than-expected retail sales report today, which saw the control group rise by 0.6%. As a result, they forecasts that 1st quarter real consumption growth will increase from 3% to 3.2%.

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