Steve Hou says the Atlanta Fed’s GDP NowCast is more volatile than year-on-year GDP growth because it tracks seasonally adjusted annualized quarter-on-quarter real GDP. He adds the estimate typically improves as the quarter nears its end.
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Steve Hou says the Atlanta Fed’s GDP NowCast is more volatile than year-on-year GDP growth because it tracks seasonally adjusted annualized quarter-on-quarter real GDP. He adds the estimate typically improves as the quarter nears its end.
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