• 2 days 3 Restaurant Stocks In Full Recovery Mode
  • 2 days Bitcoin Is Driven By Testosterone
  • 7 days Quantum Computing Is The Newest Megatrend In Silicon Valley
  • 8 days How To Invest In The Cybersecurity Boom
  • 10 days Investors Are Patient With Unprofitable Giants
  • 12 days Wells Fargo Back In The Scandal Spotlight Once Again
  • 14 days 5 Stocks To Keep A Close Eye On This Year
  • 15 days As Auto Giants Flail, Look To Chip Stocks For Gains
  • 16 days Central America Is Ready For The Bitcoin Hustle
  • 18 days China’s Video Game Restrictions Unlikely To Slow Down Booming Industry
  • 19 days Top Performing Stocks As Inflation Fears Grow
  • 20 days US Airline Stocks Take A Beating On New EU Restrictions
  • 21 days This IPO Could Open Sustainable Fashion Floodgates
  • 22 days Crypto Crime Nets Another $2B Fraudster
  • 24 days This Week’s Hottest Meme Stocks
  • 25 days Why World Markets Should Be Watching Germany Closely
  • 27 days Could ‘Cultured’ Meat Rival The Plant-Based Megatrend?
  • 29 days ‘Easy Money’: Crypto Is Still Attracting Newbie Investors
  • 31 days Foreign Syndicates May Have Stolen Up To $400B In COVID Benefits
  • 32 days Gold Jumps Above $1800 Ahead Of Jackson Hole Summit
  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