GDPNow 2.5%, NY Fed Nowcast 1.7%; Huge Discrepancies: Why?

by Mike ‘Mish’ Shedlock
Mish Talk

The New York Fed released its GDP “Nowcast” today.

The New York Fed model expects 1.7% seasonally adjusted annualized (SAAR), a jump of 0.5 percentage points from last week.

The Atlanta Fed GDPNow Model says 2.5%.

Atlanta Fed GDPNow

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