NY Fed GDP Nowcast for Q4 at 3.2%

Unchanged from last weeks estimate

The NY Feds Nowcast estimate for 4Q GDP came in unchanged vs last week at 3.2%. The forecast (since Sept) has been as low as 1.8%. The current reading is the high point.

The only impact from this week was the JOLT job report. That subtracted only -0.01% from last weeks report.

The Atlanta Fed GDPNow forecast was reported for 4Q yesterday. They see GDP a touch higher at 3.3%.