The FRBNY staff Nowcast of GDP Growth for the third quarter of 2016 remains essentially unchanged at 2.5%.

The Atlanta Fed GDPNow forecast for the third quarter will occur after the BEA’s release of the “Underlying Detail” tables of the annual revisions, between August 2 and August 5.

Nowcast 2016-07-29A

I’ll Take the Under

With 2.5% as the current over/under line, I’ll take the under, way under.

Mike “Mish” Shedlock