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Temporary Euphoria: New York Fed’s Nowcast GDP Forecast For Q4 At 1.40%

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

I was excited when I saw the Q3 GDP print at 2.9%, the highest real GDP print since Q3 2014. But if we look at YoY GDP, real GDP grew at only 1.5%.


But what about Q4 real GDP growth?  The New York Fed’s Nowcast forecast model puts Q4 real GDP growth at … 1.4%. This is only slightly lower that Q3 YoY growth of 1.5%.


My family is from the Scranton PA area, so here is a tribute to them.


Let’s hope that the euphoria over Q3 GDP growth is not temporary.


Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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