Leads the forecasters....
Ryan may not like forex price forecasts, but how about GDP growth forecasts (READ his excellent post HERE).
If ok with them, the Atlanta Fed raised their estimate for 1st quarter GDP growth to 2.7% from 2.5% (forecast on Feb 9). The rise comes on the heels of a better-than-expected retail sales report today, which saw the control group rise by 0.6%. As a result, they forecasts that 1st quarter real consumption growth will increase from 3% to 3.2%.
Below is a snapshot (as in I took a picture from my cell phone of the TV) from CNBC of other GDP estimates for the 1st quarter
