50 Shades of Bright Colors

The economic picture remains bright. The Atlanta Fed updated its GDPNow model today. Q1's real GDP is tracking at a 3.2% annual rate, up from 2.9% on February 16. Real GDP was up 4.9% and 3.3% during Q3 and Q4 last year (chart).

We also learned today that there are still plenty of jobs available in the labor market. The Consumer Confidence Index survey reported that the "jobs plentiful" response rate remained high at 41.3% during February (chart). This suggests that job openings remained high as well during both January and February.