{"id":260088,"date":"2024-09-18T20:25:33","date_gmt":"2024-09-18T20:25:33","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/18\/summary-of-economic-projections-gdp\/"},"modified":"2025-06-25T17:11:15","modified_gmt":"2025-06-25T17:11:15","slug":"summary-of-economic-projections-gdp","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/18\/summary-of-economic-projections-gdp\/","title":{"rendered":"Summary of Economic Projections: GDP"},"content":{"rendered":"

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From the Fed today<\/a>:<\/p>\n

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Figure 1:<\/strong> GDP (bold black), Summary of Economic Projections median (inverted light green triangle), GDPNow as of 9\/18 (light blue square),\u00a0 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. Levels calculated by iterating growth rate on levels of GDP, except for Survey of Professional Forecasters. Source: BEA 2024Q2 2nd release, Atlanta Fed, NY Fed, Philadelphia Fed, Federal Reserve September 2024 SEP<\/a> and author\u2019s calculations.<\/em><\/p>\n

Goldman Sachs tracking at 3% q\/q AR (vs. 2.9% for GDPNow). Note that the median q4\/q4 growth rate from the SEP (2.0%) was essentially the same as in the June SEP (2.1%). September SEP low\/high range is 1.8%-2.6%, with central tendency ranging from 1.9% to 2.1%.<\/p>\n<\/p><\/div>\n

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