The Bureau of Economic Analysis (BEA) released their third estimate for the first quarter of 2025 real GDP which declined at an annual rate of 0.5%. Private fixed investment was strong but was outweighed by the negative impact of imports in anticipation of higher domestic tariffs. The price index for gross domestic purchases increased by 3.4%. READ MORE
Atlanta Fed’s GDPNow, DOGE, and Secretary of Treasury Bessent
The Federal Reserve Bank of Atlanta maintains a short-term economic model that they call GDPNow. The Atlanta Fed describes it as a “running estimate of real GDP growth based on available economic data for the current measured quarter.” During the last week, the estimate…. READ MORE
GDP, Taxes, and Trade
The Atlanta Federal Reserve Bank is known for its GDPNow model because it relies on current economic data without subjective adjustments by economists. On July 30, the Atlanta Fed released its first forecast of real GDP growth of 6.1% for the third calendar quarter. READ MORE