Fed Vs. Fed: New York Fed To Issue Its Own GDP Nowcast
Mike (Mish) Shedlock | Apr 13, 2016 02:05AM ET
It’s Fed vs. Fed in the Nowcasting business. The New York Fed has decided to issue a GDPNow forecast.
The Atlanta Fed has the name GDPNow trademarked.
The Atlanta Fed provides its updates following major economic reports. In contrast, the New York Fed will deliver its version every Friday starting April 15.
We have a sneak peek of this Friday’s Fed vs. Fed battle already.
FRBNY Nowcast
GDPNow History
The above from Sufficient Momentum (For a Recession) .
Current Scorecard
- Atlanta: 0.1
- New York: 1.1
I commend the New York Fed for providing much needed entertainment value. Any other regions want to get in on the act?
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