• 145 days Could Crypto Overtake Traditional Investment?
  • 150 days Americans Still Quitting Jobs At Record Pace
  • 152 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 155 days Is The Dollar Too Strong?
  • 155 days Big Tech Disappoints Investors on Earnings Calls
  • 156 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 158 days China Is Quietly Trying To Distance Itself From Russia
  • 158 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 162 days Crypto Investors Won Big In 2021
  • 162 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 163 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 165 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 166 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 169 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 170 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 170 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 172 days Are NFTs About To Take Over Gaming?
  • 173 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 176 days What’s Causing Inflation In The United States?
  • 177 days Intel Joins Russian Exodus as Chip Shortage Digs In
  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