GDPNow at 3% for Q3

Goldman Sachs tracking 2.8%.

Figure 1: GDP (bold black), GDPNow as of 9/17 (light blue square), Goldman  Sachs tracking as of 9/17 (pink circle), NY Fed nowcast as of 9/13 (red triangle), FT-Booth as of 9/14 (blue square), and August median SPF (tan), all in bn.Ch.2017$ SAAR. Source: BEA 2024Q2 2nd release, Atlanta Fed, NY Fed, Goldman Sachs, Philadelphia Fed, and author’s calculations.

2 thoughts on “GDPNow at 3% for Q3

  1. pgl

    It sounds like real GDP will stay near full employment for a while. I bet Team Trump is calling fake PhD EJ Antoni demanding he tweet more of his absurd trash.

    Reply
  2. pgl

    President of college in Springfield denounces ‘falsehoods’ after bomb threats force classes online
    https://www.msn.com/en-us/news/politics/president-of-college-in-springfield-denounces-falsehoods-after-bomb-threats-force-classes-online/ar-AA1qJwP1?ocid=msedgdhp&pc=U531&cvid=32f35fab53d0447698a6f3d1b1c7065c&ei=22

    The president of a small, private liberal arts college in Springfield, Ohio, on Tuesday denounced “falsehoods” spread by Donald Trump and his running mate after they claimed that Haitian immigrants were eating pets — an amplified rumor that led to bomb threats being called into schools. Michael Frandsen, president of Wittenberg University, told CNN on Tuesday that the school moved classes online and canceled all on-campus events “until at least Sunday, Sept. 22” after it received shooting and bomb threats from a single source over the weekend and on Monday. “Some have been very general, some have been specific and actually named students,” Frandsen said on CNN about the threats. The school, with approximately 1,300 students, is working with law enforcement to trace that source, he said. But Wittenberg wasn’t the only college in Springfield that received threats after the city was thrust into the national spotlight when Trump, during a nationally televised debate, and his allies began spreading unproven claims of Haitians eating pets there. Clark State College, a public community college with approximately 6,000 students in the city, moved online through Friday after it received a shooting threat on Saturday and a bomb threat on Sunday.

    And yet little JD continues with these vile racist lies that are terrorizes the schools of Springfield as well as the residents. After all according to JD – the press and Kamala Harris is forcing him to tell vile racist lies. MAGA.

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