GDPNow update… Atlanta Fed – Commodity Research Group

August 16, 2016 by Jim Colburn Leave a Comment

After today’s economic data, the Atlanta Fed bumped up its NOW (famous) GDP forecast for Q3 by .1 to +3.6%…

“Latest forecast: 3.6 percent — August 16, 2016

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is 3.6 percent on August 16, up from 3.5 percent on August 12. After this morning’s new residential construction release from the U.S. Census Bureau, the forecast for third-quarter real residential investment growth increased from 0.4 percent to 2.4 percent.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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