Atlanta Fed Raises U.S. Second Quarter GDP View to 4.8 Percent - Energy Watch News


Atlanta Fed Raises U.S. Second Quarter GDP View to 4.8 Percent

The Trump economy is not only growing, but accelerating according to the newest forecast from the Atlanta Federal Reserve’s GDPNow model. The forecast sees consumer spending growth and private fixed investment growth increased from 3.4 percent and 4.6 percent, respectively, to 3.5 percent and 5.4 percent, respectively based on the May employment report, the construction spending report, and the Manufacturing ISM Report – all with better than expected numbers. Those same reports, that came out Friday 6/15, pushed the GDP forecast for Q2 to 4.8%. https://www.reuters.com/

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