The Nowcast (and other thoughts on the economy)
Daniel BachmanInterested in what's going on in the US economy? My Nowcast of the US economy will help you sort out what today's data actually means.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 34 | Subscribers | Read | dbachman.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
Did you hear the big news? (No, not about the CPI)
A 1.7 percentage point increase in GDP growth in a CQ model this late in the quarter is unusual. All right we are now at the point where the “current” quarter is actually over, but, as we don’t have GDP for Q3 yet, from a data point of view...
Housing construction pulls the forecast down
The big news news this week was the very strong jobs report. No question now that the Fed’s tightening did not push the economy over the edge. Instead, job growth remains amazingly strong. Or, to put it another way: we’ve had a soft landing...
The model continues to predict GDP growth of around 2.0%
The Model’s forecast fell from 2.3% to 1.9%, although the comparison is not exact because of the annual update of GDP. (See below for more details about that). The main news last week was the consumer spending data published on Friday. That...
Charles Dickens makes The Nowcast Blog!
Hard Times by Charles Dickens. Orginal publication date, 1854.
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Authors
The writers behind this newsletter.
Economist and forecaster. My first job was in a country with an inflation rate of 130%.
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