St. Louis and the NY Feds have new nowcasts.
Figure 1: GDP (bold black), Survey of Professional Forecasts Average forecast for August (tan), GDPNow for 9/9 (blue square) and 9/4 (open blue square), NY Fed 9/13 (red triangle line), St. . Louis Fed 9/13 nowcast (light green inverted triangle), 9/6 nowcast (open inverted triangle), Goldman Sachs (teal circle), all in bn.Ch.2017$. Nowcast rates calculated the cumulative growth rate to report GDP rates for 2017Q2 2nd release. Source: BEA 2024Q2 second release, Philadelphia Fed SPF, Atlanta Fed (9/9), NY Fed (9/6), St. Louis Fed (9/6), Goldman Sachs (9/6), and author’s figures.
Lewis, Mertens and Stock/NY Fed WEI at 2.27%, Baumeister, Leiva-Leon and Sim WECI at -0.19 which means 1.81% if the trend is 2%.
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