New York Fed jumps on the weekly GDP forecast train
Hot news from the New York Fed
Starting this Friday the NY Fed will be publishing a weekly outlook on US GDP growth.
It's also thrown out some numbers of 1.1% GDP for Q1 and 1.9% in Q2, as of analysis dated 8 April.
First the Atlanta Fed brought us GDPNow and now the NY Fed has GDPWow (I might have made that up).
Data dependence goes to a new level.
Update: It's going to be called the FRBNY Nowcast :-D
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
