Atlanta Fed Q1 GDP now unchanged at 3.4% ...Middle East

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Atlanta Fed Q1 GDP now unchanged at 3.4%
We're still a long ways away from the Q1 reading but the Atlanta Fed tracker is getting an extreme amount of attention after correctly flagging strong US growth last quarter.The latest update leaves it at 3.4% with the consensus near 1.5%.After this morning's wholesale trade release from the US Census Bureau, an increase in the nowcast of first-quarter real gross private domestic investment growth from 3.2 percent to 3.3 percent was offset by a decrease in the nowcast of first-quarter real personal consumption expenditures growth from 3.3 percent to 3.2 percent. This article was written by Adam Button at www.forexlive.com.

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