GDP Now Forecast For 1Q18 Drops To Below 2% -- March 14, 2018

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Title : GDP Now Forecast For 1Q18 Drops To Below 2% -- March 14, 2018
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GDP Now Forecast For 1Q18 Drops To Below 2% -- March 14, 2018

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Latest forecast: 1.9 percent — March 14, 2018.
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 1.9 percent on March 14, down from 2.5 percent on March 9.
After yesterday's Consumer Price Index release from the U.S. Bureau of Labor Statistics and this morning's retail sales report from the U.S. Census Bureau, the nowcast of first-quarter real personal consumption expenditures growth fell from 2.2 percent to 1.4 percent.
Easy come, easy go. 


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