The three District Bank Nowcasts for GDP can vary a lot from each other, especially early in the quarter. They also aren’t the best forecast for the BEA number as they are not inclusive of later data. However, after this morning’s April Employment Situation, the outlook is consistently and jaw-droppingly downward. St. Louis Fed is at -40.42%; Atlanta Fed at -34.90%; New York Fed at -31.20%. The average of the three is at -35.51%.
Disclaimer: Whetstone Analysis provides commentary as a service to its subscribers. Whetstone Analysis is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site. While the information contained within the site is periodically updated and every effort is made to ensure its accuracy, no guarantee is given that the information provided in this Web site is correct, complete, and up-to-date. Click here to read our full Disclaimer.