Atlanta Fed Set to Revamp GDPNow Model to Factor in Gold Price Fluctuations
3 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.
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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.
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