• 821 days Will The ECB Continue To Hike Rates?
  • 822 days Forbes: Aramco Remains Largest Company In The Middle East
  • 823 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,223 days Could Crypto Overtake Traditional Investment?
  • 1,228 days Americans Still Quitting Jobs At Record Pace
  • 1,230 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,233 days Is The Dollar Too Strong?
  • 1,233 days Big Tech Disappoints Investors on Earnings Calls
  • 1,234 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,236 days China Is Quietly Trying To Distance Itself From Russia
  • 1,236 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,240 days Crypto Investors Won Big In 2021
  • 1,240 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,241 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,243 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,244 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,247 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,248 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,248 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,250 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around 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