From Merrill Lynch: The data cut our 4Q 2019 GDP tracking estimate by 0.1pp to 2.0% and our 1Q 2020 estimate by 0.3pp to 0.7% qoq saar. [Feb 14 estimate]emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.4% for 2020:Q1. News from this week’s data decreased the […]
source https://thebtrader.com/2020/02/14/q1-gdp-forecasts-0-7-to-2-4/?utm_source=rss&utm_medium=rss&utm_campaign=q1-gdp-forecasts-0-7-to-2-4
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