The initial estimate for Q2 growth from the Atlanta Fed GDP model is estimated at 2.4%. The Q1 GDP was released morning with the first Guinness at -0.3%. The gold adjusted estimate from the Atlanta Fed estimate of -1.5%.
In their own words:
The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.4 percent on April 30. The initial estimate of first-quarter real GDP growth released by the US Bureau of Economic Analysis this morning was -0.3 percent, 2.4 percentage points above the final GDPNow estimate of -2.7 percent growth and 1.2 percentage points above the final gold-adjusted model nowcast. As explained here, the gold-adjusted model replaces what was the standard model with the onset of today’s forecast.
The next GDPNow update is Thursday, May 1. Please see the “Release Dates” tab below for a list of upcoming releases.
This article was written by Greg Michalowski at www.forexlive.com.
