This is a syndicated repost published with the permission of Confounded Interest – Online Course Notes for Financial Markets. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
The Atlanta Fed’s GDPNow forecast model puts Q1 GDP at 4.2%.
The initial GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 4.2 percent on January 29. The advance estimate of fourth-quarter real GDP growth released by the U.S. Bureau of Economic Analysis on January 26 was 2.6 percent, 0.8 percentage points below the final GDPNow model nowcast released on the previous day.
I wonder if The Fed will feel positive about raising The Fed Funds Target rate this year? Particularly given the 473 basis point disparity between the current Fed rate and the Taylor Rule (Rudebusch Model)?
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
You must log in to post a comment.