Q4 GDP Forecasts: Mid 2s

From the NY Fed Nowcasting Report

The New York Fed Staff Nowcast stands at 2.5% for 2018:Q4 and 2.1% for 2019:Q1. [Jan 4 estimate]
emphasis added

And from the Altanta Fed: GDPNow

TThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.6 percent on January 3, down from 2.7 percent on December 21. The nowcasts of fourth-quarter real consumer spending growth and fourth-quarter real private fixed investment growth decreased from 3.7 percent and 2.7 percent, respectively, to 3.6 percent and 2.4 percent, respectively, after this morning’s Manufacturing ISM Report On Business from the Institute for Supply Management. [Jan 3 estimate]

CR Note: These estimates suggest GDP in the mid-2s for Q4.

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