by Mish

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.

GDPNow History

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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?

Mike “Mish” Shedlock

Atlanta Fed GDPNow +2.8% vs. New York Fed Nowcast +1.2%

Following today’s retail sales alleged blowout, to which treasury yields actually declined, comes a big GDP upgrade by the Atlanta Fed GDPNow Model vs. a smaller jump by the New York Fed Nowcast Model.

Conversations with New York and Atlanta Fed Senior Economists on Their GDP Models

I had had recent phone and email conversations with senior economists at the New York Fed and Atlanta Fed regarding their GDP forecasts.

Dueling GDP Estimates: GDPNow vs. FRBNY Nowcast

Both the Atlanta Fed GDPNow and the New York Fed Nowcast updated their models today. Let’s take a look at where they stand for second-quarter GDP.

GDPNow vs. Nowcast Update

Both the Atlanta Fed and New York Fed updated their GDP model forecasts today. There was little change in either.

GDP Forecasts: GDPNow 3.4%, Nowcast 1.9%

The GDP forecasts by the Atlanta Fed GDPNow model and the New York Fed Nowcast are once again not in the same ballpark.

Reader Asks About “Fedcoin”: Should the Fed Issue Its Own Bitcoin?

Are central banks planning to issue their own digital currencies? If so, is there anything to fear? Those are the questions at hand today as reader Ken asked “Could you post your opinion of Fedcoin?”

Investigating Curious Anomalies in GDPNow and Nowcast GDP Estimates

As of last Friday, the Atlanta Fed GDFPNow model for the second-quarter GDP stood at 3.4%. In contrast, the FRBNY Nowcast report was 2.2%.

GDPNow vs Nowcast: Bit of Convergence but Inventory Problem Looms

The Atlanta Fed GDPNow forecast came out yesterday, the New York Fed Nowcast today.

FRBNY 4th Quarter GDP Nowcast 1.6% vs. GDPNow 3.1%

In sharp contrast to a GDPNow forecast of 3.1 percent for 4th quarter GDP, the FRBNY Nowcast Model estimates 4th quarter GDP at a mere 1.6 percent.