Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.


CNBC: “Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession”

By admin_45 in IN THE NEWS CNBC: “Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession”

Excerpt from CNBC quoting DataTrek co-founder Nick Colas:

... "“GDPNow has a strong track record, and the closer we get to July 28th’s release [of the initial Q2 GDP estimate] the more accurate it becomes,” wrote Nicholas Colas, co-founder of DataTrek Research...

...To be sure, this tracker can be volatile and swing with every data release. However, Colas noted that the GDPNow model gets more accurate as the quarter progresses.

“The model’s long-run track record is excellent,” he said. “Since the Atlanta Fed first started running the model in 2011, its average error has been just -0.3 points. From 2011 to 2019 (excluding the economic volatility around the pandemic), its tracking error averaged zero"....

Full article here on CNBC!

Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.