Atlanta Fed GDPNow progress estimate for This fall unchanged at three.Zero%

The Atlanta Fed GDPNow progress estimate for This fall stays unchanged at three.Zero% after information in the present day. In their very own phrases:

The GDPNow mannequin estimate for actual GDP progress (seasonally adjusted annual charge) within the fourth quarter of 2024 is three.Zero % on January 17, unchanged from January 16 after rounding. After this morning’s releases from the US Census Bureau and the Federal Reserve Board of Governors, a rise within the nowcast of fourth-quarter actual private consumption expenditures progress from three.7 % to three.eight % was offset by a lower within the nowcast of the contribution of stock funding to actual GDP progress from -Zero.37 proportion factors to -Zero.41 proportion factors.

The subsequent GDPNow replace is Tuesday, January 28. Please see the “Launch Dates” tab beneath for a listing of upcoming releases.

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



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