• Initial Q3 GDP Forecasts: 6% to 9% Range

    1 month ago - By Calculated Risk

    From BofA: We maintain our 2H forecast but adjust the composition, taking up inventories but taking down consumption and residential investment.
    emphasis added From Goldman Sachs: Following today's data and yesterday's GDP report, we are launching our Q3 GDP tracking estimate at +9.0% , 0.5pp above our previous forecast, and are also boosting our Q4 forecast by 0.5pp to +5.5%. From the NY Fed Nowcasting Report
    The New York Fed Staff Nowcast stands at 4.2% for 2021:Q3. And from the Altanta Fed: GDPNow
    The initial GDPNow model estimate for real GDP growth in the third quarter of 2021 is 6.1...
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