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Temporary Euphoria: New York Fed’s Nowcast GDP Forecast For Q4 At 1.40%

Saturday, October 29, 2016 9:39
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(Before It's News)

wallstreetexaminer.com / by Caleb Crawdad • 

I was excited when I saw the Q3 GDP print at 2.9%, the highest real GDP print since Q3 2014. But if we look at YoY GDP, real GDP grew at only 1.5%.

But what about Q4 real GDP growth?  The New York Fed’s Nowcast forecast model puts Q4 real GDP growth at … 1.4%. This is only slightly lower that Q3 YoY growth of 1.5%.

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The post Temporary Euphoria: New York Fed’s Nowcast GDP Forecast For Q4 At 1.40% appeared first on Silver For The People.

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