Nowcasted Equipment Investment Decelerates Why? Q2 equipment investment as implied by GDPNow of 5/30. Figure 1: Caldara et al. Trade Policy Uncertainty index (blue, left scale), and nonresidential equipment investment (black, right log scale), and implied by GDPNow of 5/30 (gray square), both in bn.Ch.2017$ SAAR. Source: Iacoviello TPU, BEA 2025Q1 second release, and Atlanta Fed. Note the spike […]
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