Q4 GDP Forecasts: 1.1% to 2.3%

From Merrill Lynch 4Q tracking rose to 2.0% qoq saar , boosted by trade and inventories data. [Jan 3 estimate] emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.1% for 2019:Q4 and 1.0% for 2020:Q1. [Jan 3 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is 2.3 percent on January 3, unchanged from December 23. [Jan 3 estimate] CR Note: These estimates suggest real GDP growth will be between 1.1% and 2.3% annualized in Q4....(read more)

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