NY Fed Nowcast of GDP forecast due at 10 AM

17 June 2016, 16:59
Sherif Hasan

Not to be confused with the Atlanta Fed GDPNow forecast.

Maybe this is the Feds problems. Too many districts adding more confusion (and eroding credibility in the process).

Anyway, as per the website, "The report tracks the evolution of the FRBNY Staff Nowcast of GDP growth and the impact of new data releases on the forecast. We update it each Friday (except during blackout periods surrounding Federal Open Market Committee meetings), using data available up to 10 a.m. Find detailed information about our methodology within the report."

The last Nowcast showed GDP above 2% for both the Q2 and Q3.  Conflicting news over the weekend on met a slightly positive effect on the nowcast and the largest positive contributions came from real, personal consumption expenditures and the ISM manufacturing agreements
Share it with friends: