• Q4 GDP Forecasts

    6 days ago - By Calculated Risk

    From Merrill Lynch:
    Disappointing construction data sliced 0.2pp from our 4Q GDP tracking down to 2.5%, and a tenth off 3Q GDP down to 3.5%. .
    emphasis added And from the Altanta Fed: GDPNow
    The GDPNow model estimate for real GDP growth in the fourth quarter of 2018 is 2.4 percent on December 7, down from 2.7 percent on December 6. The nowcast of fourth-quarter real final sales of domestic product growth decreased from 2.9 percent to 2.7 percent after this morning's employment report from the U.S. Bureau of Labor Statistics. The nowcast of the contribution of inventory investment to...
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