Atlanta Fed Q1 GDPNow +2.3% vs +2.5% prior

Following today’s data slate, the Atlanta Fed tracker is down to 2.3% from 2.5%.

“A decrease in the nowcast of first-quarter real personal consumption
expenditures growth from 2.9 percent to 2.2 percent was slightly offset
by increases in the nowcasts of first-quarter real gross private
domestic investment growth and first-quarter real government spending
growth from 1.7 and 2.4 percent, respectively, to 3.0 and 2.7 percent,” the release said.

That brings the Atlanta Fed tracker generally into line with the economists’ consensus.

This article was written by Adam Button at www.forexlive.com.