{"id":272941,"date":"2025-03-26T19:03:14","date_gmt":"2025-03-26T19:03:14","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/03\/26\/gdpnow-bouncing-near-zero-econbrowser\/"},"modified":"2025-06-25T17:09:03","modified_gmt":"2025-06-25T17:09:03","slug":"gdpnow-bouncing-near-zero-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/03\/26\/gdpnow-bouncing-near-zero-econbrowser\/","title":{"rendered":"GDPNow Bouncing near Zero | Econbrowser"},"content":{"rendered":"

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From Atlanta Fed today:<\/p>\n

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Source: Atlanta Fed<\/a>, accessed 3\/26\/2025.<\/p>\n

What\u2019s this mean for the trajectory of GDP? Note GS at 1.3%, while NY Fed (last Friday) at 1.72%<\/p>\n

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Figure 2:<\/strong> GDP (black), GDPNow of 3\/26 (red triangle), GDPNow adjusted for gold imports\u00a0 (pink square), NY Fed (blue square), Goldman Sachs (inverted green triangle), Survey of Professional Forecasters (light blue), all in billion Ch.2017$ SAAR. Source: BEA,\u00a0Atlanta Fed<\/a>, Philadelphia Fed, NY Fed, Goldman Sachs and authors calculations.<\/em><\/p>\n

In normal times, with 34 days to the advance release, one would put greater weight on GDPNow than the (pre-Covid) NY Fed nowcast, or Bloomberg consensus. (The NY Fed nowcast underwent substantial revision during the pandemic.)<\/p>\n

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Source:<\/strong>\u00a0Luzzetti, et al. \u201cTracking the GDP trackers,\u201d Deutsche Bank US Economic Perspectives, 24 July 2019.<\/em><\/p>\n<\/p><\/div>\n

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