Image Source: PexelsGoldman Sachs tracking 2.8%.
Figure 1: GDP (bold black), GDPNow as of 9/17 (light blue square), Goldman Sachs tracking as of 9/17 (pink circle), NY Fed nowcast as of 9/13 (red triangle), FT-Booth as of 9/14 (blue square), and August median SPF (tan), all in bn.Ch.2017$ SAAR. Source: BEA 2024Q2 2nd release, Atlanta Fed, NY Fed, Goldman Sachs, Philadelphia Fed, and author’s calculations.More By This Author:Steve Kamin: “The Fed Is (Nearly) The World’s Most Hawkish Central Bank”Business Cycle Indicators For August – NBER BCDC And OthersWhen Tariffs Last Bloomed – Soybean Edition
