Kansas Fed develops real-time GDP tracker
The tracker builds on previous work by combining two forecast models
The Federal Reserve Bank of Kansas City has developed a real-time GDP tracker for the US economy, adding to the New York Fed’s ‘Nowcast’ and Atlanta Fed’s ‘GDPNow’.
The tracker, called the ‘KC Fed model’, estimates current-quarter GDP and adjusts in response to several data points that are released more frequently than official GDP figures. In contrast to the other Fed banks’ forecasts, the Kansas Fed’s combines estimates from two different models – an accounting-based model (a bottom-up
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