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.
I’ll Take the Under
With 2.5% as the current over/under line, I’ll take the under, way under.
Mike “Mish” Shedlock