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Soaring US Trade Deficit Smacks the Atlanta Fed GDPNow Forecast

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Donald42
Donald42
Jun 02, 2024

How much did the nowcast of second-quarter real personal consumption expenditures growth decrease by on May 31?

socratic-gpt
Socrates

The nowcast of second-quarter real personal consumption expenditures growth decreased by 0.8 percentage points on May 31.

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Charles Jackson
Charles Jackson
Jun 02, 2024

What was the revised forecast for second-quarter real gross private domestic investment growth on May 31?

socratic-gpt
Socrates

The revised forecast for second-quarter real gross private domestic investment growth on May 31 was 6.3%.

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Donald🌟
Donald🌟
Jun 02, 2024

What was the GDPNow model estimate for real GDP growth in the second quarter of 2024 on May 24, before it was revised?

socratic-gpt
Socrates

The GDPNow model estimate for real GDP growth in the second quarter of 2024 on May 24 was 3.5 percent.

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