Is the U.S. Economy on the verge of recession? According to the Federal Reserve Bank of Atlanta’s GDPNow Forecast, first quarter GDP is estimated to rise just 0.10%. The Atlanta Fed’s GDPNow Forecast is constructed by aggregating statistical model forecasts for 13 subcomponents that comprise GDP. The model is updated throughout the month as new data becomes available. You can read more about the Atlanta Fed’s model here:
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Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.