GDP Regional Fed Estimates

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"If you ask two Economists for an opinion, you’ll get three back."

US central bank = The Fed

Decisions on

• monetary policy
• trading activities like buying or selling bonds

4 different forecasts

• quarterly forecasts of annual GDP
• 3 regional reserve branches add their forecasts (nowcasts, much more current)

Regional Fed forecasts are based on short-term expectations.

• sometimes up to a 1.5% difference in forecasts

Atlanta Fed Nowcast generally has the best reputation