Atlanta Fed GDPNow Q1 +2.5% vs +2.8% prior

  • The latest GDP tracker from the Atlanta Fed
  • Prior was 2.8%

Trade will be a larger drag in Q1:

"After this morning’s international release from the US Census Bureau and the US Bureau of Economic Analysis, the nowcast of the contribution of net exports to annualized first-quarter real GDP growth decreased from -0.48 percentage points to -0.57 percentage points."

GDP now

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