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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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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