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Thread: Atlanta Fed Sees GDP Growing At More Than 4% In Second Quarter

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    Atlanta Fed Sees GDP Growing At More Than 4% In Second Quarter

    The American economy is expanding at a 4.1% annualized rate in the second quarter, according to the Atlanta Federal Reserveís GDPNow model.
    Domestic factory production grew 1% in April, the largest monthly gain in more than three years, according to government data released Tuesday. Housing starts declined 2.6%.

    The forecast for residential investment growth rose to 8.3 percent from 6.0 percent. The forecast for final sales to private purchasers climbed to 3.6 percent from 3.3 percent. Inventory investment is forecast to grow 1.2 percent from 1.0 percent. Much of the inventory growth was concentrated in motor vehicle and parts dealers.

    The Atlanta Fedís GDPNOW provides a real time look at the U.S. economy prior to the release of the official estimate of gross domestic product.


    Some good news for Trump if it transpires. I'd be happy with a calendar quarter of 3% gdp growth, something Obama failed to achieve even once during his disastrous 8 year reign.

    A 4+%Q, especially so early on in his first term would make libs and never Trumper's heads explode.

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