The Atlanta Fed nailed US Gross Domestic Product in the first quarter.
On Wednesday, we learned that the US economy grew by just 0.2%, far below the consensus forecast for 1% growth among economists. Of the 86 economists surveyed by Bloomberg, only four estimated that GDP growth would be 0.2% or lower.
The Atlanta Fed had long forecast 0.2% growth before revising it down to 0.1% after last Friday's durable goods report.
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