NY Fed Nowcast estimate for 4Q GDP at 3.9%

Author: Greg Michalowski | Category: News

Down from 4.0% last week

The NY Fed  is out with their estimates for 4Q and 1Q 2018. 

They now see 4Q GDP at 3.9%, down from 4.0% last week.  The biggest contributor was single family houses sold (added 0.1%).  Data revisions subtracted -0.09% (see charts below).


For the 1Q, they see growth at a 3.2% annualized pace. 


Earlier today, the Atlanta Fed lowered their estimate for the 4Q to 2.8% from 3.3% in the prior week.  Needless to say, there is a divergence of opinion from the respective Fed models.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose