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Atlanta Fed GDPNow Dips In Final Q1 Reading

US

The Atlanta Fed's GDPNow forecast estimates Q1 GDP growth of 7.9% Q/Q SAAR following today's mixed inventories and foreign trade data, down from 8.2% in the previous update Apr 26.

  • This marks the final 'nowcast of the quarter, with the Q1 GDP reading out Thursday at 0830ET (current BBG survey expectation is for a 6.7% reading).



Source: Atlanta Fed, BBG, MNI

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