A Rare Win for Economic Forecasting: The Atlanta Fed Almost Nails Its First-Quarter Growth Estimate
The Wall Street Journal
The U.S. economy’s sharp slowdown in the first three months of the year may have caught almost all Wall Street forecasters off guard. But it didn’t surprise the Federal Reserve Bank of Atlanta.
...The Atlanta Fed wasn’t the only one to be right about growth, but it had little company. In a Wall Street Journal survey, financial firm Raymond James predicted a 0.2% rise, while research company Wrightson ICAP forecast a 0.4% gain.