GDPNow At 3% For Q3
Image Source: Pexels
Goldman Sachs tracking 2.8%.
Figure 1: GDP (bold black), GDPNow as of 9/17 (light blue square), Goldman Sachs tracking as of 9/17 (pink circle), NY Fed nowcast as of 9/13 (red triangle), FT-Booth as of 9/14 (blue square), and August median SPF (tan), all in bn.Ch.2017$ SAAR. Source: BEA 2024Q2 2nd release, Atlanta Fed, NY Fed, Goldman Sachs, Philadelphia Fed, and author’s calculations.
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