Courtesy of Mish.
It’s curious the New York Fed has a blackout on its GDP Model but the Atlanta Fed doesn’t.
Let’s take a look at the latest GDPNow and I will follow up with a guess at what the Nowcast would have been.
We find the latter next Friday.
GDPNow Latest forecast: 3.0 percent — September 15, 2016
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is 3.0 percent on September 15, down from 3.3 percent on September 9. The forecast of third-quarter real consumer spending growth declined from 3.4 percent to 3.1 percent after this morning’s retail sales report from the U.S. Census Bureau. The forecast of third-quarter real government spending growth declined from 1.3 percent to 0.8 percent after Tuesday’s Monthly Treasury Statement from the U.S. Bureau of the Fiscal Service.
FRBNY Nowcast
The New York Fed reports …
