Atlanta Federal Reserve and Gross Domestic Product

central bankers: Flaws in the official U.S. report on gross domestic product has forced investors and even central bankers to look elsewhere for more reliable intel, according to Market Watch. The Atlanta Fed was spot on in predicting a dismal first quarter. Investors are paying closer attention to GDPNow, a tool created by the Atlanta Federal Reserve to give a better sense of how fast the economy is growing. GDPNow estimated the U.S. expanded at a scant 0.1% annual pace, just a hair under the government preliminary 0.2% result. Caption outside of wrapper for normal article images GDPNow is updated regularly to take into account new information on the economy before the federal government official report comes out. Wall Street had been expecting a bigger though hardly robust 1.2% gain. (news.financializer.com). As reported in the news.