April 26, 2024 14:23 GMT
Atlanta Fed GDPNow Starts Q2 On Strong Note
US DATA
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- Just to be aware that the Atlanta Fed's GDPNow has opened its Q2 estimate with a very strong 3.9% annualized.
- It follows yesterday's official Q1 advance surprising with 1.6% vs cons 2.5 (GDPNow 2.7) but with a sizeable portion of that down to net trade (strong imports) and changes in inventories. Both the last two are seen reversing in this very early tracking.
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