Atlanta Fed GDP now Progress estimate for This fall rises to three% from 2.7% final

The Atlanta Fed GDPNow progress estimate for This fall will increase to three.Zero% from 2.7% in its final report. In their very own phrases:

The GDPNow mannequin estimate for actual GDP progress (seasonally adjusted annual price) within the fourth quarter of 2024 is three.Zero % on January 16, up from 2.7 % on January 9. After latest releases from the Treasury’s Bureau of the Fiscal Service, the US Census Bureau, and the US Bureau of Labor Statistics, the nowcasts of fourth-quarter actual private consumption expenditures progress and fourth-quarter actual authorities expenditures progress progress elevated from three.three % and a pair of.9 %, respectively, to three.7 % and three.Zero %, whereas the nowcast of fourth-quarter actual gross non-public home progress decreased from -Zero.four % to -Zero.eight %.

The following GDPNow replace is Friday, January 17. Please see the “Launch Dates” tab under for a listing of upcoming releases.

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



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