{"id":272090,"date":"2025-03-06T19:56:29","date_gmt":"2025-03-06T19:56:29","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/03\/06\/nowcasts-accounting-for-gold-imports\/"},"modified":"2025-06-25T17:09:12","modified_gmt":"2025-06-25T17:09:12","slug":"nowcasts-accounting-for-gold-imports","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/03\/06\/nowcasts-accounting-for-gold-imports\/","title":{"rendered":"Nowcasts accounting for Gold Imports"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-55905\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Ballpark adjustment to GDPNow:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/03\/gdppix35.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-55906\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/03\/gdppix35.png\" alt=\"\" width=\"1022\" height=\"576\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/03\/gdppix35.png 1022w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/03\/gdppix35-300x169.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/03\/gdppix35-768x433.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/03\/gdppix35-624x352.png 624w\" sizes=\"(max-width: 1022px) 100vw, 1022px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> GDP (bold black), February SPF median (light blue), NY Fed nowcast of 2\/28 for Q1 (blue square), GDPNow nowcast of 3\/6 (red triangle), Alternative GDPNow holding import effect of 2\/28 to GS estimate (pink square), Goldman Sachs tracking of 3\/6 (light green inverted triangle), all in q\/q AR, %. Source: BEA, Philadelphia Fed, NY Fed, Atlanta Fed, Goldman Sachs, and author\u2019s calculations.<\/em><\/p>\n<p>The adjusted GDPNow growth (q\/q AR) is +0.55%, still essentially just above zero.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/03\/nowcasts-accounting-for-gold-imports\" title=\"10:43 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-03-06T10:43:00-08:00\">March 6, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/03\/nowcasts-accounting-for-gold-imports\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ballpark adjustment to GDPNow: Figure 1: GDP (bold black), February SPF median (light blue), NY Fed nowcast of 2\/28 for Q1 (blue square), GDPNow<\/p>\n","protected":false},"author":1,"featured_media":272091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/272090"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=272090"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/272090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/272091"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=272090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=272090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=272090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}