Atlanta Fed leaves forecast for U.S. Q1 GDP growth unchanged at 0.3%
Investing.com
Published Apr 19, 2016 11:07AM ET
Atlanta Fed reiterates estimate of 0.3% for U.S. economy in the first quarter
Investing.com – The Federal Reserve Bank of Atlanta left its estimate for growth in the U.S. economy for the first quarter of 2016 unchanged on Tuesday after last Thursday’s release of the consumer price index and a report earlier in the day on new residential construction.
Specifically, the Atlanta Fed reiterated its U.S. Q1 GDP growth estimate of 0.3%, unchanged from the prior forecast published on April 13.
“After last Thursday's Consumer Price Index release from the U.S. Bureau of Labor Statistics, the forecast for first-quarter real consumer spending growth ticked up from 1.8% to 1.9%,” the Atlanta Fed explained.
They added that Tuesday’s report on new residential construction from the U.S. Census Bureau and the Department of Housing and Urban Development caused their forecast for real residential investment growth to decline from 9.0% to 8.5%.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.