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Friday, February 05, 2016

ATLANTA FED 1Q GDPNOW FORECAST +2.2% VS PREV +1.2%

https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 2.2 percent on February 5, up from 1.2 percent on February 1. After this morning's employment report from the U.S. Bureau of Labor Statistics, the forecast for real consumer spending growth increased from 2.5 percent to 3.0 percent and the forecast for real gross private domestic investment growth increased from -0.4 percent to 2.1 percent.

 Dear Atlanta fed, explain this (because asides from smoking crack with you're cheerios this morning, we have no clue how you got there...And of course there is this:

 Double-seasonally-adjusted, adjusted numbers...





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