With CPI inflation still declining, the tighter Fed policy is working. With Thursday morning’s second pass at Q4 ’22 GDP, we get to see the GDP deflator. Consensus (as well as Briefing.com’s forecast) ...

Even as the real growth rate hit a five-quarter high in April-June quarter this fiscal, nominal growth rate has dipped to a three-quarter low. Fiscal deficit could be impacted if it is lower at an ...

Note from dshort: With today's release of the Q4 GDP Second Estimate, I've spent some time updating my occasional analysis of the government's calculation of the Real GDP. How do you get from Nominal ...

How do you get from Nominal GDP to Real GDP? You subtract inflation. The Bureau of Economic Analysis (BEA) uses its own GDP deflator for this purpose, which is somewhat different from the BEA's ...