GDPNow Goes Gangbusters
GDPNow as of today is 5.1% q/q AR for Q3: Figure 1: GDP (black), August Survey of Professional Forecasters (purple), GDPNow (light blue square), Goldman Sachs tracking (inverted chartreuse triangle), NY Fed 9/11 (red triangle), September FT Booth (blue +). Source: BEA 2nd rel., Philadelphia Fed, Atlanta Fed, GS, NY Fed, FT-Booth, and author’s calculations. […]
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