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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%.

gdpq3cvomp

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%.

nowcq4

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

burning_culm_dump_scranton_pa-1

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

electriccity

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