The Atlanta Fed’s GDPNow… – Commodity Research Group

May 16, 2018 by Jim Colburn Leave a Comment

The Atlanta Fed’s GDPNowcast for 2Q is at +4.1%:

While prone to significant revisions the Nowcast gives us a sense of how an economic data point (in this case, retail sales) might effect GDP:

“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.1 percent on May 15, up from 4.0 percent on May 9. The nowcast of second-quarter real personal consumption expenditures growth ticked up from 3.0 percent to 3.1 percent after this morning’s retail sales release from the U.S. Census Bureau.”

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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