{"id":260422,"date":"2024-09-21T02:46:44","date_gmt":"2024-09-21T02:46:44","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/21\/nowcasts-rising-econbrowser\/"},"modified":"2025-06-25T17:11:11","modified_gmt":"2025-06-25T17:11:11","slug":"nowcasts-rising-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/21\/nowcasts-rising-econbrowser\/","title":{"rendered":"Nowcasts Rising | Econbrowser"},"content":{"rendered":"

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Here\u2019s a snapshot of nowcasts and forecasts as of today:<\/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\/20 (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>\u00a0and author\u2019s calculations.<\/em><\/p>\n

One can see how the nowcasts have evolved by looking at the implied trajectories with intervening weeks.<\/p>\n

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Figure 2:<\/strong> GDP (bold black), GDPNow as of 9\/18 (light blue square),\u00a0 as of 9\/6 (light blue square), NY Fed nowcast as of 9\/20 (dark red line), as of 9\/13 (light red line), all in bn.Ch.2017$ SAAR. Levels calculated by iterating growth rate on levels of GDP. Source: BEA 2024Q2 2nd release, Atlanta Fed, NY Fed, and author\u2019s calculations.<\/em><\/p>\n

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