Atlanta Fed GDPNow development estimate for This autumn rises to three.2% from three.1% beforehand

The Atlanta Fed GDPNow development estimate for This autumn rises to three.2% from three.1% after the housing begins knowledge launched earlier at this time.

In their very own phrases:

The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual fee) within the fourth quarter of 2024 is three.2 % on December 18, up from three.1 % on December 17. After this morning’s housing begins report from the US Census Bureau, the nowcast of fourth-quarter actual residential fastened funding development elevated from four.7 % to five.three %.

The following GDPNow replace is Friday, December 20. Please see the “Launch Dates” tab beneath for an inventory of upcoming releases.

On the finish of 2023, the Fed forecast that GDP for 2024 would gradual to 1.four%. The expansion fee has exceeeded these estimates because the economic system continued to hum alongside. In September, the Fed forecase 2025 development to return in at 2.zero%.

Right now the Fed will launch their forecast for GDP, Unemployment, and PCE inflation (headline and core). They may even forecast the top of yr Fed Funds guesstimate. In September they forecast a further 100 bps of cuts in 2025. The expectatation is for that forecast to be one thing much less.

This text was written by Emma Wang at www.ubaidahsan.com.



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