Focusing on US GDP, consumption and investment growth, our results suggest that the news data contains information not captured by the hard economic indicators, and that the news‐based data are particularly informative for forecasting consumption developments....
We derive the most likely range for real GDP growth, and identify extreme equity valuations aside from inflationary pressures. Shortcut: https://git.io/gdpspx fred-gdp-wage.ipynb : U.S. GDP vs. Wage Income How is wage correlated with GDP output? In answering this question, we derive a ...