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re: Often-touted Atlanta Fed GDPNow projection has some bad news for 3Q

Posted on 9/15/17 at 3:57 pm to
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 9/15/17 at 3:57 pm to
How does a prediction go from 4% to 2.2% in a month?
Posted by GumboPot
Member since Mar 2009
119031 posts
Posted on 9/15/17 at 3:58 pm to
quote:

How does a prediction go from 4% to 2.2% in a month?


Two hurricanes in very populated areas of the nation.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 9/15/17 at 3:58 pm to
disappointing industrial production & capacity utilization numbers, apparently
Posted by buckeye_vol
Member since Jul 2014
35242 posts
Posted on 9/15/17 at 4:08 pm to
quote:

How does a prediction go from 4% to 2.2% in a month?
Well the current drop from 3% is related to this:
quote:

The forecasts of real consumer spending growth and real private fixed investment growth fell from 2.7 percent and 2.6 percent, respectively, to 2.0 percent and 1.4 percen
Posted by AuburnTigers
Member since Aug 2013
6965 posts
Posted on 9/15/17 at 7:16 pm to
quote:

How does a prediction go from 4% to 2.2% in a month?
2 Historical Hurricanes just hit the United States and devastated cities
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