{"id":262721,"date":"2024-10-18T21:30:38","date_gmt":"2024-10-18T21:30:38","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/10\/18\/its-almost-as-if-some-people-were-rooting-for-recession-part-2\/"},"modified":"2025-06-25T17:10:47","modified_gmt":"2025-06-25T17:10:47","slug":"its-almost-as-if-some-people-were-rooting-for-recession-part-2","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/10\/18\/its-almost-as-if-some-people-were-rooting-for-recession-part-2\/","title":{"rendered":"It\u2019s Almost as If Some People Were Rooting for Recession (Part 2)"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

\n\t\t\t\t<\/p>\n
\n
\n
\n
\n
\n

\u201cLatest Q3 Nowcasts: ATL 2.5% (2.0% prev) NY 2.49% (1.94 prev) STL 2.05% (1.65 prev) It\u2019s going to take stellar consumer spending numbers for Aug and Sep to make this a reality:\u201d<\/p>\n<\/blockquote>\n

Well, here\u2019s a picture of nowcasts as of today. GDPNow is 3.4% q\/q AR for Q3, up from 3.2% on 10\/9.<\/p>\n

\"\"<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n

\u00a0<\/p>\n

The nowcast for consumption was 3.8% q\/q AR. I noted that this was plausible. What does today\u2019s nowcast indicate? 3.6%.<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n

<\/p>\n