by Mike ‘Mish’ Shedlock
The last FRNBY Nowcast report was on June 3.
It’s been two weeks since the last report. Why the delay? The answer is last Friday was caught in a blackout period before the FOMC meeting this week.
In contrast to the Atlanta Fed GDPNow Model, the Nowcast model declined since the last estimate.
Please consider the June 17 FRNBY Nowcast Report.