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Q3 GDP Forecasts: Around 5.5%

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by Calculated Risk on 8/27/2021 12:05:00 PM

From Goldman Sachs:

Following this morning’s data, we left our Q3 GDP tracking estimate unchanged at +5.5% (qoq ar). [August 27 estimate]
emphasis added

From the NY Fed Nowcasting Report

The New York Fed Staff Nowcast stands at 3.8% for 2021:Q3. [August 27 estimate]

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2021 is 5.1 percent on August 27, down from 5.7 percent on August 25. [August 27 estimate]

Fed Chair Powell: "It could be appropriate to start reducing the pace of asset purchases this year"

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