We’ve pointed out here on more than one occasion how the quarterly Gross Domestic Product count is adjusted over time as new information is brought to light. The health of the economy is gauged by this number as regularly released monthlyGDP Estimate Revised reports are presented and because different reports are released on different dates by different entities it can take some time to get a final figure.

That’s also why there is an initial number, a revised and then a final GDP number. These estimates and revisions are forecasted by the Fed in an attempt to provide a better idea of the economy’s progression from quarter to quarter.

The initial release of Q1 GDP showed the GDP would come in close to 2.7% which is a rather respectable level of growth. The initial estimate came in at 2.3% then revised to 0.6%. That’s quite a drop from one estimate to the initial revision and shows just how these initial estimates are often ignored by investors and instead look toward the next quarter results. Last Friday the Atlanta Fed changed the estimate once again to just 0.1%. That means from the initial to the most recent there was a 2.6% swing and could even mean by the time the final quarterly data is calculated it’s very possible we could see negative growth for Q1.

If that indeed is the case, and who could discount the possibility given the recent adjustments, then we might be looking at the economy slowing down once again which would then put the Fed on hold until sometime next year. This also means retirees who are living on a fixed income are seeing microscopic yields from their retirement funds. If you haven’t looked at the yield on at 1-Yr T-bill you may not want to if you’re one of those whose funds are mostly out of equities and into bonds. Low interest rates are good for real estate investors but they’re not all that great for those living on retirement accounts.