Recession postponed?

Economists are more upbeat about first-quarter U.S. gross domestic product after Wednesday’s report showing the trade deficit unexpectedly narrowed in February, reducing the chances that growth slowed from the prior period.  

 JPMorgan Chase & Co. economists raised their GDP forecast following the report to about a 2.5 percent annualized growth pace in the first quarter from 2 percent. Goldman Sachs Group Inc. forecasters boosted their tracking estimate to 2.1 percent from 1.7 percent and said they now expect a positive contribution from net trade to GDP growth, while the Federal Reserve Bank of Atlanta’s GDPNow model estimate increased to 2.4 percent.

The Commerce Department will release first-quarter GDP figures on April 26. Growth was 2.2 percent in the final three months of 2018.

We will have a hard time noticing a recession during the next white noise holiday.  Maybe we have passed the negatives.  The flooding is still a potential, as is the Boeing thing.  A sequester in Oct would be a good thing, likely insure 2019 is recession free.