Economy to grow at 5.4% rate in first quarter, Atlanta Fed tracker shows

Well we may not get that high but the road ahead sure looks good, better than the last 10 years for sure. The big thing now is to get able-bodied people back into the workforce and the LFPR rate down to average levels. Thank you Republicans starting in 2015 to reverse government policy and attitudes towards the economy and the working people in this country.

Economy to grow at 5.4% rate in first quarter, Atlanta Fed tracker shows

• The Atlanta Fed updated its rolling look at the U.S. economy, projecting that GDP would grow 5.4 percent in the first quarter.
• If the forecast holds, it would be the strongest quarter since the economic recovery began and would more than double the typical annualized growth during the period.

The economy is on track to put up blockbuster growth numbers in the first quarter, according to the latest forecast from the Atlanta Fed.

GDP is expected to surge 5.4 percent to start 2018, the central bank branch estimated in its latest rolling look at how the economy is progressing.
https://www.cnbc.com/2018/02/01/eco...-first-quarter-atlanta-fed-tracker-shows.html

 

The upward mobility people are experiencing right now is fantastic.

Great time for Americans.

 

The silence reminds me of the SOTUS Democrats.

 

Oh hell......this is going to ruin all the liberal leftists' day.......

 

oh shoot, less people will be dependent on our government crumbs -- Congressional Dems

 

I'm waiting for Pelosi to declare we can't keep giving the poor masses all these crumbs else they'll get obese!! OH that's right they are on government subsistence.

 

Yo, Nancy, if extending unemployment insurance will stimulate the economy, just IMAGINE what actual ****ing jobs will do, you twit!

 

And what did the left have to say today

"
Michelle Obama has a message for Americans who are frightened by the current political climate: remain hopeful.

"All we have is hope," the former first lady says in a preview clip from Thursday's "Ellen" show. Obama's sit-down with host Ellen DeGeneres marks her first TV interview since leaving the White House last year."
http://thehill.com/blogs/in-the-kno...a-to-frightened-americans-all-we-have-is-hope

Hey Michelle how about "All we have are JOBS and more MONEY in our pockets and our 401k's are doing GREAT.

 

Maybe and that would be great....but...

Since 2015, ISM boosts have caused the Atlanta Fed to overstate growth by 0.8 percentage point on average, including 1.9 percentage points in the fourth-quarter tracking on Nov. 1, according to CNBC calculations.

 

Holy cap....

5.4%!!!!!

Are you seroius? How can you not believe in Trumps ecnomic standpoints, immigration or foreign policy aside, does this not prove it is a good idea?

Even if it that masive 1.9% mistake, it is still 3.5% which is higher than anything Obama has had. Things are truly going up for the coutnry and that is good for Trump being reelected.

Especialy with the over reach of the feminism wave thta people are more and more sick of. The Left is in some serious trouble

 

Just look at where the living wage has gone under Trump compared to O'Bumble.

 

The Boot has been removed from the neck of American business.

 

Thank you president Trump.

 

so, 4.6% or even 3.5% is bad?

 

So you're in essence saying "Under the Obama administration ISM boosts have caused" Well we all know how those eight years and the manipulation of data went, so if the left could live with it, cheer for it and tout it then I think the left might be able to celebrate it under Trump, well the less hypocritical ones anyway

 

Well we all know Mooshell, she only liked America in 2009 and stopped liking it in 2017, she was of little consequence before that, during and clearly less now

 

i hope it happens

 

Very misleading scale on the y-axis, over-exaggerating the gains. That's typical, however, for people who like to present data in the best light for political gain.

 

So, if the growth rate is so great, why didn't the Fed raise the interest rates yesterday? Something doesn't compute.

 

So far not a single " thanks Obama". This is some kind of record!

 

Its been clearly reported
"The Federal Reserve voted unanimously Wednesday to keep its key interest rate unchanged at 1.25 to 1.5 percent. The move was widely expected as the Fed didn’t want to rile markets this week as Fed Chair Janet L. Yellen steps down and Jerome H. Powell, President Trump’s pick, takes over the reins of the central bank. Powell is set to be sworn in Monday at 9 a.m… .

The Fed is strongly hinting that it is likely to hike interest rates at its next meeting in March. The committee that sets interest rates went out of its way to say that it expects inflation to hit — or at least come very close to — the Fed's 2 percent target this year. Persistently low inflation has been the main stumbling block holding the Fed back from faster rate hikes."
https://www.washingtonpost.com/news...on-to-jerome-h-powell/?utm_term=.9ca47ff7bbf8

 

And as I openned tne thread.
"Well we may not get that high but the road ahead sure looks good, better than the last 10 years for sure. "

Dont you agree

 

And again, I would rather have decades of slow, consistent growth than these boom and bust cycles that hit every time the economy overheats. It doesn't do any good to have these growth spurts when they are followed by a recession like the 2001 bust and the 2007 bust.

Right now, Americans are carrying record credit card debt. What happens when the economy jumps like this? The Fed raises interest rates. What happens when Fed raises interest rates? Credit card companies raise interest on the balance on their cards.
What happens next? People get in debt trouble. Hello, 2007.

 

300 firms giving tax cut bonus, Costco dismisses Pelosi's 'crumbs' attack

http://www.washingtonexaminer.com/3...smisses-pelosis-crumbs-attack/article/2647803

 

So you'd d rather have long term sustained misery rather than long term solid growth with brief periods of rollbacks. And consumer debt increases in a growing economy.