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Atlanta Fed's closely watched GDP tracker shows next to no growth for first quarter
The Atlanta Fed's GDPNow initial model estimate shows negligible growth for the first quarter of just 0.3 percent. The Atlanta Fed notes that the initial estimate of fourth quarter real GDP growth, released Thursday, was 2.6 percent, or 0.8 percentage points above its final GDPNow model forecast that it released on Wednesday. The report, which was released on the Atlanta Fed's website, sent stocks lower in late morning trading. Many Wall Street economists see growth below 2 percent for the first quarter, but for the most part they remain above 1 percent. Goldman Sachs cut first quarter growth to 0.9 percent Friday, ... (full story)
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