Fed expects 4.8% GDP
Contributors to this thread:Community
From: bad karma
02-Jun-18
Obama is right about one thing: setting up the economy for a big rebound under Trump. After eight years of an economically illiterate socialist in the White House, the economy could not help but improve when he left. That may not be how Obama interprets it, but that's his problem.
From: 'Ike' (Phone)
03-Jun-18
Can’t be, Trump has ruined everything....LMAO
From: Amoebus
03-Jun-18
Interesting article Spike. I hadn't realized there was an Atlanta Fed or a GDPNow model forecast.
Obama's 2nd term - the average GDP was 2.2%. Trump had 2.3% in his first year. 1st quarter of 2018 was 2.2%.
From: bigeasygator
03-Jun-18
There are actually twelve regional banks that are part of the Fed. All of the branches do forecasts and predictions independently. Even within a branch, there are often different models that are employed to measure and forecast the economy. For example, the GDPNow forecast is a model the Atlanta Fed uses forecast a "real-time" GDP. It is not an official forecast of the Atlanta Fed and changes quite dramatically as data is updated. Through the course of Q1 if I recall, the GDPNow forecast varied from 1.9% to 5.4% as new data came in.
From: memengako
03-Jun-18
"IKE'S PHONE WHISPERED, Can’t be, Trump has ruined everything....LMAO" So true, TRUMP ruined Ovomit's legacies; lock, stock and honey buckets. ROLLING ON THE FLOOR, TICKLING MY ANUS OFF.
