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Convergence: GDPNow 3rd Quarter Estimate Dives to 2.4%, FRBNY Nowcast Remains 2.2%

Friday, September 30, 2016 15:18
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mishtalk.com / Mike “Mish” Shedlock / September 30, 2016 12:54:31

Ladies and gentlemen we are approaching convergence.

The Atlanta Fed GDPNow estimate for 3rd quarter GDP estimate took a 0.4 percentage points dive to 2.4% following today’s consumer spending report.

Meanwhile, the FRBNY Nowcast estimate for 3rd quarter remained flat at 2.2%.

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The post Convergence: GDPNow 3rd Quarter Estimate Dives to 2.4%, FRBNY Nowcast Remains 2.2% appeared first on Silver For The People.

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