NY Fed GDP Nowcast forecast for 1Q remains steady at 3.1%

No variables this week that altered the tracking model

The NY Fed GDPNowcast estimate for the 1Q remained at 3.1%. The reason for the inactivity is there were no variables that were released in the current week to impact the estimate. That keeps it simple.

The Atlanta Fed released their last estimate for GDP on Feb 16th at 3.2%. They did not release an estimate this week. Their next release will be on Tuesday, February 27th.