• 1 hour Tesla’s Latest Battery Innovation Ready For Use In China
  • 18 hours China Targets Hong Kong As Cold War With US Heats Up
  • 2 days No Shirt, No Shoes, No Mask, No Service
  • 3 days Is Bitcoin Actually Worth The Energy It Uses?
  • 3 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
  • 3 days Mining Exploration To Drop By Nearly 30% Despite Gold Boom
  • 3 days Europe Set To Unveil Its $500 Billion 'Green Deal'
  • 4 days Major Diamond Mine Slashes Production
  • 4 days Social Security Could Dry Up In Less Than A Decade
  • 5 days Europe On The Brink Of Economic Crisis
  • 5 days Barrick Gold Launches Exploration Program In Japan
  • 5 days COVID-19 Is A Hacker’s Paradise
  • 5 days Why Big Finance Is Bailing On Fossil Fuels
  • 6 days A New Trade War Will Send Gold Even Higher
  • 6 days Could COVID-19 Lead To Authoritarianism?
  • 7 days The $30 Trillion Mega-Trend To Watch As Markets Bounce Back
  • 7 days Gold Soars To 7-Year Highs
  • 8 days From Smartphones To Smart VR Acquisition, Apple Pushes the Envelope
  • 10 days Why Covid-19 Won’t Kill The Renewable Revolution
  • 11 days COVID-19 Could Spark A Global Food Crisis
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

GDPNow, FRBNY Nowcast Inch Up: Gap Still Two Percent

Te Atlanta Fed GDPNow Model inched up to 1.0% from 0.9% on Friday. Nothing much mattered since a week ago.

The FRBNY Nowcast Model inched up to 2.96% from 2.83% but rounding makes it appears as a 0.2% increase.


GDPNow Latest forecast: 1.0 percent - March 24, 2017

Evolution of Atlanta FED GDPNow Real GDP Forecast

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 1.0 percent on March 24, up from 0.9 percent on March 16. The forecast for first-quarter real nonresidential equipment investment growth increased from 7.3 percent to 7.8 percent after this morning's durable manufacturing report from the U.S. Census Bureau. The forecast of the contribution of inventory investment to first-quarter growth increased from –0.87 percentage points to –0.77 percentage points after last Friday's industrial production release from the Federal Reserve Board.


FRBNY Nowcast Latest forecast: 1.0 percent - March 24, 2017

  • The FRBNY Staff Nowcast stands at 3.0% for 2017:Q1 and 2.7% for 2017:Q2.
  • News from this week's data releases had a small positive impact on the nowcasts for both quarters, driven by new home sales data and the advance durable goods report.

FRBNY Nowcast Latest Forecast

So here we are with a full 2 percentage point gap between the forecasts with an alleged margin of error for each of 1 percentage point.

 

Back to homepage

Leave a comment

Leave a comment