Dispersion In GDP Q3 Tracking

GDPNow at 5.6% (SAAR), St. Louis Fed “news” nowcast, at -0.25%. Goldman Sachs and BofA at 3.1%…

GDPNow at 5.6% (SAAR), St. Louis Fed “news” nowcast, at -0.25%. Goldman Sachs and BofA at 3.1%…

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Figure 1: GDP (bold black), Survey of Professional Forecasters median (tan), GDPNow (red square), Goldman Sachs, BofA (light green square), St. Louis Fed Economic News Index (pink triangle), NY Fed nowcast (light blue triangle), all in billions Ch.2012$ SAAR. Source: BEA 2023Q2 second release, Philadelphia FedAtlanta FedSt. Louis Fed via FREDNY Fed. [revised 3:17pm Pacific]


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