Out today:
Figure 1: GDP (bold black), WSJ mean (blue), WSJ +/- 20% bounds (gray), GDPNow of 10/7 (light blue square), St. Louis nowcast of 10/10 (violet square), OMB Mid-Session Review (light green triangles), all bn.Ch.2017$ SAAR. Source: BEA, WSJ, Atlanta Fed, St. Louis Fed via FRED. OMB, and author’s calculations.
Only three respondents forecasted 2 or more consequitive quarters of negative growth.
