⬆️ GDP Nowcast

The amazing St. Louis Federal Reserve makes an enormous amount of economic data easily available through FRED.  Let's put that data to work. 

 How does it work?  The model observes the inter-quarter changes of 50+ economic data series provided by the St. Louis Federal Reserve (FRED) system.  It counts the number of data series moving in a "good" direction (e.g. unemployment rate decreases, retail sales increases, truck traffic increases, etc.).  On average, if there are more "good" changes than bad, we should expect higher GDP growth.