Federal Reserve Reduces 2017 GDP forecast by a full 3%
Atlanta Federal Reserve Forecast of 3.5% for 2017 drops to 0.5% on April 14th, 2017
The forecast of GDP in February of 2017 was 3.5%. The Federal Reserve forecasts dropped a huge 3% in two months. This Fed forecast drop is highly significant. Come back to www.femaleinvestor101.com for more weekly updates on this topic.
GDP continued to fall from April 7th, 2017 to April, 14th
The Federal Reserve in Atlanta just downgraded the growth forecast for the 2017 economy on Friday, April 14th, 2017 by 0.1%. The Gross Domestic Product (GDP) for the US economy forecast from April 7th, 2017 was 0.6%. On April 14th, the forecast was changed to 0.5%.
The reason for the latest downgrade was real consumer spending numbers. Q1 of 2017 real consumer spending has
dropped from 0.6% to 0.3% per the retail sales report from the U.S. Census Bureau and the Consumer Price Index release from the U.S. Bureau of Labor Statistics.
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