Atlanta

Atlanta Fed Set to Revamp GDPNow Model to Factor in Gold Price Fluctuations

16 days ago

The Federal Reserve Bank of Atlanta is on the verge of an important update to its GDPNow forecasting model, integrating adjustments that account for gold's price movements. This reconfiguration aims to enhance the accuracy of the model, particularly in light of economic uncertainties that frequently influence market dynamics.

Atlanta Fed's GDPNow Predicts Economic Contraction Following Recent Data Release

2 months ago

In a significant shift in economic outlook, the Atlanta Federal Reserve Bank's GDPNow model predicts that the U.S. economy may contract in the upcoming quarter. This update comes after the release of key economic data on Friday, which has raised concerns among economists about the health of the economy amidst ongoing challenges.

Southwest Airlines Slashes 270 Pilot Positions in Major Restructuring Effort

4 months ago

In a significant move aimed at realigning its operational capacity, Southwest Airlines has announced the elimination of 270 pilot roles primarily based in its Denver and Atlanta hubs. This decision, effective immediately, comes as the airline grapples with shifting travel demand and operational challenges in a post-pandemic environment.

Southwest Airlines Slashes Atlanta Flights in Bid to Stem Financial Losses

7 months ago

Southwest Airlines Co. said it is making a significant reduction in its flying at Hartsfield-Jackson Atlanta International Airport, part of a wider effort to stem financial losses as travel demand remains volatile. The company will cut 20% of the current planned daily departures from the Atlanta flying schedule, effective immediately, it said in a statement Monday.