Atlanta Fed to Update GDPNow With Model That Adjusts for Gold
This article is for subscribers only.
The Federal Reserve Bank of Atlanta is updating its widely followed GDPNow forecast with a new model that adjusts for gold imports, which have recently distorted growth estimates.
The bank will make the gold-adjusted model available through April 29 and then replace the standard nowcast starting on April 30, according to a blog post Wednesday. The Atlanta Fed had been releasing a separate gold-adjusted measure since early last month after imports of the metal spiked.