GDPNow Forecast Dips to 0.9%: Divergence with Nowcast Hits 2.3 Percentage Points – Why?

GDPNow Forecast Dips to 0.9%: Divergence with Nowcast Hits 2.3 Percentage Points – Why?

mishtalk.com / Mike “Mish” Shedlock / March 15, 2017

The Fed hiked today, smack in the face of an Atlanta Fed GDPNow Model forecast of 0.9 percent.

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 0.9 percent on March 15, down from 1.2

March 15, 2017 at 06:50PM