Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Nowcast 4th Quarter GDP Estimate 2.4 Percent vs. GDPNow 3.6%

Friday, November 18, 2016 15:58
% of readers think this story is Fact. Add your two cents. / Mike “Mish” Shedlock / November 18, 2016 2:55:44

Last quarter (third quarter), a huge initial discrepancy between the Atlanta Fed GDPNow Model and the FRBNY Nowcast Model ultimately resolved in favor of Nowcast.

For the third quarter, GDPNow tracked as high as 3.8% with the Nowcast lower nearly every step of the way until convergence, much lower near the end.

Once again, at the start of 4th quarter estimates, GDPNow is substantially higher. Will things play out the same way?

Nowcast November 18, 2016 Highlights

  • The FRBNY Staff Nowcast stands at 2.4% for 2016 Q4.
  • The current nowcast is 0.8 percentage point higher than two weeks ago, when the previous report was published.


The post Nowcast 4th Quarter GDP Estimate 2.4 Percent vs. GDPNow 3.6% appeared first on Silver For The People.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.