Moneymoney

Fri Aug 16, 2019, 10:03 AM

GDPNow

The Atlanta Fed raised its GDPNow forecast to 2.2% for the third quarter — higher than many economists are predicting, but well below enough to bring 2019's growth to the 3%-4% President Trump has sought.


https://www.axios.com/2019-q3-gdp-expectations-retail-sales-report-489b9c7e-87a3-4d0b-8b79-716711ed6723.html

Why it matters: The bump came after U.S. retail sales surged above expectations in July and sales at retailers including Amazon and Best Buy posted their biggest increase in 4 months. A strong earnings report from Walmart also helped drive optimism that American consumers are still shopping and perhaps are confident enough to carry the economy through trade war tensions.

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