How Gold Imports Blew up Atlanta Fed GDPNow: The Old Model is Dead, Long Live the “New GDPNow Model” Starting Apr 30

The U.S. Bureau of Economic Analysis will release its first estimate of GDP for Q1 on April 30. The Atlanta Fed designed and maintains a model – an algo essentially – that takes in all kinds of economic data for each quarter and provides a running estimate of the BEA’s first estimate of “real” (inflation-adjusted) quarter-to-quarter...