Continued development (report):
Determine 1: GDP (daring black), Might SPF median (mild blue), GDPNow of 5/16 (blue sq.), New York Fed nowcast of 5/10 (inexperienced triangle), St. Louis Fed nowcast of 5/10 (tan sq.), all in bn.Ch.2017$, SAAR. Supply: BEA 2024Q1 advance, Philadelphia Fed, Atlanta Fed, NY Fed, St. Louis Fed, and writer’s calculations.
Not like the Nov ’23 and Feb ’24 trajectories, the hole between the Feb ’24 and Might ’24 is trivial.
Determine 2: GDP (daring black), Might SPF median (mild blue), February (tan), November 2023 (mild inexperienced), all in bn.Ch.2017$, SAAR. Supply: BEA 2024Q1 advance, Philadelphia Fed,and writer’s calculations.
