Atlanta Fed Releases Latest 3rd Quarter GDP Estimate: Rises To Whopping 4.6%

The economy will make all the difference in the Midterms election in November. So let’s get out the vote and give the President energy to keep fulfilling all his promises. We’re going to win again despite what the polls say.

President Trump is making America great again! Atlanta Fed is now projecting a 3rd Quarter GDP of 4.6%!

The Atlanta Fed released their projection for US GDP as of August 24th and the results are great for Americans:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the  third quarter of 2018 is 4.6 percent on August 24, up from 4.3 percent on August 16. After yesterday’s releases on new-home sales and costs from the U.S. Census Bureau, the nowcast of third-quarter real residential investment growth increased from -4.5 percent to -1.1  percent. After this morning’s advance durable manufacturing report from the Census Bureau, the nowcast of third-quarter real nonresidential equipment investment growth increased from 6.4 percent to 7.5 percent and the nowcast of the contribution of inventory investment to third-quarter real GDP growth increased from 1.92 percentage points to 2.03 percentage points.

TGP:

This calculation is supported by the latest GDP results for the 2nd Quarter of the year as well as the markets’ results.  The official GDP from the Fed in the 2nd Quarter exceeded 4% (4.1%).

The stock markets are also on fire.  On Friday the S&P 500, the Nasdaq and the Russell 2000 all reached record highs.  The DOW is up over 2,000 points since March, landing on one of its highest closes ever and the markets have much room to grow to catch up to the economy.

In addition, President Trump claims that much more is coming when the trade deals kick in.

The Democrats and the Deep State are so desperate to regain control, that they’re pushing to impeach a president who has a higher approval rating than Obama and a GDP that is getting closer to 5%.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Alicia F. Luke

My mission is to promote and protect individual rights and freedoms as set forth in the United States Constitution and to limit the scope of government to the authority set forth therein. I’m fed up with the out of control government! I avidly post, tweet and spread a conservative message.

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