Q4 GDP Forecasts: Mid 2s

From Goldman Sachs: We also lowered our Q4 GDP tracking estimate by one tenth to +2.6% (qoq ar) . [Dec 28 estimate) From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 2.5% for 2018:Q4 and 2.1% for 2019:Q1. [Dec 28 estimate] emphasis added And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.7 percent on December 21 , down from 2.9 percent on December 18 [Dec 21 estimate] CR Note: These estimates suggest GDP in the mid-2s for Q4....(read more)

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