Despite Seemingly Strong Retail Sales, GDPNow Forecast Dips to Negative 1.5 Percent

by Mish Shedlock, Mish Talk: The Atlanta Fed GDPNow forecast takes a small dip deeper into negative territory following retail sales data. The July 15 update to the Atlanta Fed GDPNow Forecast shows a slight dip to -1.5 percent. Real Final Sales Most eyes are on the headline number, but that’s not what one should be watching. […]