By contrast, the New York Fed's nowcast has been relatively steady, with an estimate of 2.7%.
What's going on? Who is right? The evolution of GDP growth in 2017 will have a large impact on Fed policy.
The full post can be found at our new site here.
Tuesday, April 25, 2017
Will the real Q1 GDP please stand up?
The US Q1 GDP report is scheduled to be released Friday morning. Current expectations call for a Q/Q growth rate of 1.1%, but there are wide disparities in nowcasts. The Atlanta Fed GDPNow nowcast of Q1 GDP growth has been declining since late February and stands at a meager 0.5%.
By contrast, the New York Fed's nowcast has been relatively steady, with an estimate of 2.7%.
What's going on? Who is right? The evolution of GDP growth in 2017 will have a large impact on Fed policy.
The full post can be found at our new site here.
By contrast, the New York Fed's nowcast has been relatively steady, with an estimate of 2.7%.
What's going on? Who is right? The evolution of GDP growth in 2017 will have a large impact on Fed policy.
The full post can be found at our new site here.
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